UDC recommends 10% cash dividend

February 27, 2014 10:46 am

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.