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UDC recommends 10% cash dividend

: Thursday, February 27 - 2014 @ 10:46

Qatar’s United Development Co (UDC) has reported a net profit of QR409m in 2013, and recommended a cash dividend of 10%, or QR1 per share, in addition to 5% bonus shares, Gulf Times has reported. UDC earned revenue of QR2.08bn in 2013. The company will continue in 2014 to focus on the development of The Pearl-Qatar project, attract more residents and investors to the island and to examine new investment opportunities “in line with the company’s vision,” said UDC acting chief executive, Badr al-Meer.

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Thursday, February 27- 2014 @ 10:46 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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