UDC approves 5.5% cash dividend distribution equivalent to QAR 194.7 million
Gulf Times
UDC approves 5.5% cash dividend distribution equivalent to QAR 194.7 million
The annual ordinary general assembly meeting of the United Development Company (UDC), a leading Qatari public shareholding company and the master developer of The Pearl and Gewan Islands, approved the Board of Directors' recommendation regarding the distribution of QAR 194,747 million as dividends, equivalent to 5.5% of the initial value equivalent to 5.5 Qatari Dirhams per share. This came during the meeting that was held on Wednesday and chaired by UDC Chairman Ahmed bin Ali Al Hammadi. During the Ordinary General Meeting, all agenda items proposed by the Board of Directors were adopted, which included hearing the Board of Directors' report on the Company's performance, financial position and future plans, the Auditor's report on the Company's balance sheet, and the Company's balance sheet, and the loss and profit accounts.
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UDC approves 5.5% cash dividend distribution equivalent to QAR 194.7 million