United Development QPSC (UDCD)

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News

6 February 2019 04:50 PM United Development’s profit falls 7% in 2018; board proposes 10% dividends

Mubasher: United Development Company (UDC) reported a 13.3% year-on-year profit increase for the fourth quarter of 2018. UDC’s profits amounted to QAR 116.1 million ($32.1 million) in Q4-18, compared to QAR 102.5 million ($28.39 million) in Q4-17, …

Financial Results

17 October 2018 03:12 PM Qatar’s UDC logs QAR 385m profit in Q3

Mubasher: United Development Company (UDC) on Wednesday reported a profit decline during the third quarter of 2018. Net profits amounted to QAR 358 million in Q3-18, compared to QAR 436 million in Q3-17, according to a filing to the Qatar Stock …

Financial Results

18 July 2018 03:45 PM Qatar’s UDC logs QAR 260m profits in 6M

Mubasher: United Development Co (UDC) on Wednesday posted a decline in profits for the first six months of 2018. The firm registered QAR 260 million in profits, attributable to shareholders, between January and June, down from QAR 284 million in …

Real estate

29 April 2018 04:07 PM United Development logs QAR 215m profit in Q1

Mubasher: United Development Company on Sunday revealed a 7% year-on-year decline in its profits for the first quarter of 2018. Net profits amounted to QAR 215 million in Q1-18, compared to QAR 231 million in Q1-17, according to the company’s …

Financial Results

24 April 2018 02:56 PM United Development inks QAR 334m deals for Gewan Island

Mubasher: Qatar-based United Development Company (UDC) has signed three contracts to develop Gewan Island. The total cost of the contracts amounted to QAR 334 million, according to the company’s statement. The contracts were signed on the sideline …

Companies Investments

22 April 2018 05:12 PM UDC to invest QAR 2.5bn in Gewan Islands development

Mubasher: United Development Company (UDCD) is expected to invest QAR 2.5 billion into the development of Gewan Islands, company president and CEO  Ibrahim Al Othman has said. Qatar National Bank (QNB), the largest bank in the Middle East and …

Companies Investments

19 February 2018 10:46 AM QIMC acquires United Development's stake in GFC

Mubasher: Qatar Industrial Manufacturing Company (QIMC) on Monday announced that it has completed the purchase of United Development Company’s (UDC) stake in Gulf Formaldehyde Company (GFC). QIMC bought 400 shares of UDS’s stake in GFC, which …

Macroeconomics

7 February 2018 04:42 PM UDC posts QAR 608m in yearly profits

Mubasher: United Development Company (UDC) reported a net profit of QAR 608 million for fiscal year 2017. Annual revenues amounted to QAR 2 billion, the company said in a statement issued on Wednesday. The net profit attributable to the owners of …

Financial Results

9 May 2017 10:40 AM QSE-listed real estate companies profits up 9% in Q1

By: Aml Hosny Doha – Mubasher: The profits of four real estate companies listed on the Qatar Stock Exchange (QSE) grew 9.2% year-on-year in the first quarter of 2017. United Development Company, Barwa Real Estate, Ezdan Holding Group, and Mazaya …

Financial Results

18 April 2017 01:03 PM United Development’s profits fall 11% in Q1

Doha - Mubasher: United Development Co on Tuesday reported a 10.8% decline in profits for the first quarter of 2017 compared to the same period in 2016. Net profits reached QAR 231 million ($63.42 million) in Q1-17 compared to QAR 259 million …

Financial Results

14 March 2017 09:27 AM United Development nods to FY16 dividends

Qatar - Mubasher: The ordinary general meeting (OGM) of United Development has approved distributing 1.25% cash dividend of the capital for fiscal year 2016. The company will pay QAR 1.25 per share, with a total value of QAR 442.61 million, …

General Assembly

9 February 2017 00:22 PM QNB keeps United Development PT at QAR 25.5

Doha – Mubasher: Qatar National Bank (QNB) fixed the price target (PT) of United Development Company (UDC) at QAR 25.5, with a “Buy” recommendation, according to a statement The PT is 18.6% higher than the stock’s trading price, which stands at …

Stock Evaluations

8 February 2017 11:30 AM United Development proposes QAR 443m dividends for 2016

Doha – Mubasher: United Development Company’s ordinary general meeting (OGM) will be held on 13 March to discuss the distribution of cash dividends at 12.5% of the capital. The proposed dividends total QAR 442.61 million, represent QAR 1.25 per …

Cash Dividends

8 February 2017 09:24 AM United Development Q4 profits surge 74.6%

Mubasher: United Development Co achieved a growth of 74.6% in profits to QAR 197.22 million ($54.12 million) during the fourth quarter of 2016, from QAR 112.99 million ($31.01 million) in the corresponding period a year ago. During the fiscal year …

Board of Directors

17 January 2017 11:34 AM United Development to discuss Q4 results 7 February

Doha – Mubasher: United Development Company said Tuesday that its board of directors will meet on 7 February to discuss the financial statements for the fourth quarter of fiscal 2016, according to a bourse filing. By 11:25am Doha time, the stock …

Event

19 December 2016 03:35 PM United Development, Commercial Bank ink QAR730m finance deal

Doha - Mubasher: United Development Company announced that it has signed an agreement with the Commercial Bank of Qatar to finance the construction and development of Abraj Al Mutahida in Viva Bahriya, according to a bourse filing. The deal’s …

Banking and Finance

15 December 2016 11:18 AM UDC sells Abraj Quartier Tower 2 for QAR 1.250bn

Doha – Mubasher: United Development Company (UDC) said Thursday that it has finalised the sale of Abraj Quartier Tower 2 to a strategic property investor for QAR 1.250 billion ($342.9 million). Abraj Quartier Tower 2 is one of two iconic …

Corporate Actions

2 November 2016 00:28 PM Profits of QSE real estate sector rises 41% in Q3

By: Waleed Abdul Salam Doha – Mubasher: Total profits of the Qatar Stock Exchange’s (QSE) real estate sector grew by 41.2% in the third quarter of fiscal 2016 to QAR 831.57 million ($228.1 million), compared to QAR 588.9 million for Q3-15. The …

Financial Results

25 October 2016 03:07 PM United Development profits rise 141.1% in Q3

Doha – Mubasher: United Development Company (UDC) posted a growth by 141.1% year-on-year in its profits during the third quarter of 2016, according to a bourse statement. Profits reached QAR 151.64 million ($41.61 million) in Q3-16, compared to …

Financial Results

10 October 2016 09:36 AM UDC in talks to sell part of stake in unit

Doha – Mubasher: United Development Company (UDC) said Monday that it has started negotiations to sell a portion of its stake in its fully-owned subsidiary, United Facilities Management. The company said that any reached agreement will be in due …

Companies Investments

6 October 2016 02:54 PM GIS unit eyes United Development’s stake in facilities firm

Doha – Mubasher: Amwaj, a subsidiary of Gulf International Services (GIS), intends to buy a portion of United Development Company’s (UDC) stake in United Facilities Management Company. GIS’ unit will decide on the stake purchase when it finishes …

Mergers and Acquisitions

25 September 2016 10:02 AM United Development to announce Q3 results 25 October

Doha – Mubasher: United Development Company said Sunday that its financial statements for the third quarter of the fiscal year 2016 will be disclosed on 25 October, according to a bourse filing. The company earlier posted a net profit of QAR 73.1 …

Event

18 July 2016 03:27 PM United Development’s Q2 profit down 75%

Doha – Mubasher: United Development Company’s earnings declined in the second quarter of fiscal 2016 by 75% year-on-year, according to a bourse filing released on Monday. Net profit reached QAR 73.1 million ($20.06 million) in Q2-16, versus QAR …

Financial Results

4 July 2016 09:59 AM QIMC to buy 10% stake in GFC

Doha - Mubasher: Qatar Industrial Manufacturing Company (QIMC) announced its intension to purchase a 10% stake of the United Development Company (UDC) in Gulf Formaldehyde Company (GFC), according to a bourse filing. QIMC currently owns a 20% …

Mergers and Acquisitions

23 June 2016 08:45 AM United Development to discuss H1 financials 18 July

Doha – Mubasher: United Development Company announced on Thursday that its board of directors will gather on 18 July to discuss and adopt the financial statements for the first half of the fiscal year 2016, according to a bourse filing. The …

Event