OREANDA-NEWS. United Development Company (UDC) discloses the financial statements for the year ended December 31, 2014. The financials revealed a net profit of QR 625.7 Million in 2014 versus QR 322.8 Million in 2013. The Company’s Earnings per share (EPS) amounted to QR 1.77 in 2014 compared to QR 0.91 in 2013. The also recommended a profit distribution in the form of % 12, 5 of the par value, which amounts to QR 1.25 per share (one Qatari Riyal).

The UDC Board of Directors has resolved on convening the Ordinary General Assembly Meeting on Monday 09/03/2015 at 6:30pm. In the event that the quorum is not achieved, a second meeting will be held on Monday 16/03/2015 at Al Gassar Ballroom.