04 Feb 2021 - 8:53
UDC Chairman Turki bin Mohammed Al Khater (left) and UDC President and Chief Executive Officer and Member of the Board, Ibrahim Jassim Al Othman.
The Peninsula
United Development Company (UDC), a leading Qatari public shareholding company and the master developer of The Pearl-Qatar and Gewan Island, announced its financial results for the year 2020 achieving net profit of QR265m and revenues of QR1.176bn.
The net profit attributable to equity shareholders stood at QR226m, and basic earnings per share amounted to QR0.064 with proposed dividends of 5 percent.
Commenting on these results, UDC Chairman, Turki bin Mohammed Al Khater said: “Despite the challenges that businesses have faced in 2020 as a result of the coronavirus pandemic, UDC was able to maintain development activities throughout the year where we succeeded in completing the planned development phases at The Pearl-Qatar and Gewan Island.”