Market: Qatar
Symbol: UDCD
ISIN: QA000A0KD6M9
Industry: Real Estate

United Development Company (UDC) is a leading Qatari public shareholding company with a mission to identify and invest in long-term projects contributing to Qatar’s growth and providing good shareholder value. Established in 1999, the Company was first listed on the Qatar Exchange in June of 2003. It has an authorized share capital of QR 3.5 billion and total assets of QR 19.6 billion on 31st December 2023.

From day one, the Company actively contributed in the development of the State of Qatar, rapidly evolving into a leading Qatari Public Shareholding Company and has successfully established a group of various good performing investments.

Through a combination of project activities and commercial enterprise, UDC and its subsidiaries have accumulated a large amount of specific experience including detailed knowledge of real-estate development, property management, hospitality and maritime, infrastructure and utilities.

UDC’s flagship project is The Pearl-Qatar, an urban mixed-use, man-made island development. Located 350 meters offshore of Doha’s prestigious West Bay District, The Pearl-Qatar is one of the largest real estate developments in the Gulf.

UDC is also developing Gewan Island located adjacent to The Pearl-Qatar Island, into the Company’s latest world class residential, commercial, hospitality and entertainment project. This development has the potential of becoming a magnificent destination that will maintain UDC’s future growth.

UDC established a business model for synergistic growth, creating and operating a diverse portfolio of substantial related businesses that leverage off one another and generate sustainable earnings.

United Development Company, has added 11 accolades in the 2021 Arabian Property Awards.

 

UDCD
31/12/2024
Currency QAR
Previous Close 1.11
Change (%) 0.00
Volume 4,175,044
Number of Shares (mln) 3,541
Market Cap (mln) 3,945
Key Figures (QR‘000) 2021 2022 2023
Revenue 2,038,427 1,810,690 2,050,661
Gross profit 641,211 695,310 686,164
Operating profit 391,990 562,077 704,324
Profit for the year 355,614 390,477 401,720
Total assets 20,001,804 20,899,924 19,576,112
Total liabilities 9,003,831 9,723,168 8,210,177
Total equity 10,997,973 11,176,756 11,365,935
Net cash flows from operating activities 211,855 (149,135) 108,080
Net cash flows used in investing activities (842,085) 579,262

(109,239)

Net cash flows used in financing activities 468,516 627,929 (427,020)
Basic and diluted earnings per share, QR 0.092 0.110 0.114