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 share, according to a bourse filing on Wednesday.

The company’s capital amounts to QAR 3.5 billion, distributed over 354.1 million shares at a nominal value of QAR 10 per share.

The general assembly will meet on 20 March, as an alternative date, to discuss the profit and loss sheet for the year ended on 31 December.