UDC posts QR157m net profit and QR1 2bn revenue for first half 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.
Top financial services expert joins Geidea board
RIYADH, 7 days ago Geidea, one of the largest fintech companies in Saudi Arabia, has appointed Nick Ogden, who has founded several major names in financial services including Worldpay and ClearBank, to its board of directors. Geidea Founder and Chairman Abdullah Al Othman said: “We are excited to bring Nick on board to the Geidea family. With his wealth of expertise and knowledge in the payments, e-commerce and rapidly evolving regulatory space, he will be an invaluable addition to the company as we continue to expand across the region and broaden Geidea´s payment solutions.
UDC announces QR57m net profit for first quarter
22 Apr 2021 - 9:28
The Peninsula
United Development Company (UDC), a leading Qatari public shareholding company and the master developer of The Pearl-Qatar and Gewan Island, announced yesterday net profit of QR57m on revenues of QR351m.
The net profit attributable to the equity shareholders stood at QR46m with basic earnings per share of QR0.013. UDC Chairman, Turki bin Mohammed Al Khater said: “UDC is moving steadily in 2021 to achieve good revenues and profits although of the challenging real-estate market”.
Al Khater added: “We will endeavor to continue delivering across all our projects while remaining committed to our overall development plans which will ensure UDC’s sustainable growth and the creation of new opportunities and revenue sources over the long term.
Subsidised mutton at five abattoirs during Ramadan
14 Apr 2021 - 10:22
By Sidi Mohamed | The Peninsula
Director of Public Relations Department of Widam Food Company, Musa Ahmed Al Othman, has said that the initiative to support meat prices during the month of Ramadan began on Saturday in five abattoirs, as the demand for meat increases during the month.
The Ministry of Commerce and Industry (MoCI) decided to support prices during this period to support the needs of citizens and to ensure price stability as well. Speaking to Qatar Radio recently, Al Othman explained that the initiative started four days ago and is continuing in coordination with the Ministry of Municipality and Environment (MME), as sheep were provided in 5 areas Al Wakrah, Al Shamal, Al Khor, Umm Salal and Al Shahaniya.
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”.