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UDC General Assembly approves QR177m dividend distribution


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”. ....

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UDC net profit reaches QR265m; revenues at QR1.176bn in 2020


 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.” ....

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