UDC General Assembly approves QR177m dividend distribution
04 Mar 2021 - 8:37
Turki bin Mohammed Al Khater, Ibrahim Jassim Al Othman, and other officials of UDC during the Ordinary General Assembly meeting.
The Peninsula
Doha: United Development Company (UDC) held its Ordinary General Assembly, which was chaired by UDC Chairman, Turki bin Mohammed Al Khater. The meeting approved the distribution of cash dividends of QR177m, equivalent to 5 percent of share par value.
Turki bin Mohammed Al Khater said: “The Company has achieved a net profit of QR265m and total revenues of QR1.176bn. The net profit attributable to equity shareholders stood at QR226m with basic earnings per share of QR0.064. There is no doubt that UDC operations were particularly affected by the outbreak of the coronavirus, and so were the profits achieved during the year 2020, which witnessed a significant decrease from the year 2019”.
UDC General Assembly approves QR177m dividend distribution
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IPA Qatar to hold virtual event on latest real estate reforms
thepeninsulaqatar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thepeninsulaqatar.com Daily Mail and Mail on Sunday newspapers.
IPA Qatar to hold virtual event on latest real estate reforms
22 Feb 2021 - 8:22
The Peninsula
Doha: To navigate the unprecedented property ownership opportunities now available to international investors and individuals in Qatar, the Investment Promotion Agency Qatar (IPA Qatar) is organizing a special virtual event titled ‘Spotlight on Qatar’s Real Estate Market Reforms’ tomorrow. The event will be held in collaboration with the Ministry of Justice (MoJ), the Ministry of Municipality and Environment (MME), Qatari Diar, United Development Company (UDC), and Sotheby’s International Realty.
Talks of anticipated growth in Qatar’s real estate market have been intensifying following the issuance of the Council of Ministers’ Decision No. (28) of 2020 on the ownership and use of real estate in the country, which scaled up eligible properties geographically and introduced a range of sought-after privileges to real estate investors for the first time.