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 went on to be listed on the Qatar Exchange in June 2003. It has an authorized share capital of QR 3.54 billion and total assets of QR 18.33 billion at 31 December 2018.
UDC’s current portfolio includes: real estate development, property management, infrastructure and utilities, energy-intensive industries, hydrocarbon downstream manufacturing, maritime related businesses, and hospitality.
From day one, the company has played an active role in the development of Qatar, rapidly evolving into a leading Qatari Shareholding Company and has successfully established several new companies and investment vehicles. Wholly-owned UDC companies include Hospitality Development Company, Ronautica Middle East and Madinainova amongst others.
One of UDC’s landmark projects is The Pearl-Qatar, an urban mixed-use, man-made island development. Located some 350 meters offshore of Doha’s prestigious West Bay District, The Pearl-Qatar is one of the largest real estate developments in the Gulf.
|Number of Shares (mln)||3,541|
|Market Cap (mln)||5,028|
|Key Figures (QR‘000)||2016||2017||2018|
|Profit for the year||680,862||607,792||544,546|
|Net cash flows from operating activities||294,459||935,466||420,514|
|Net cash flows used in investing activities||584,100||(330,317)||(204,201)|
|Net cash flows used in financing activities||(837,330)||(815,636)||(827,932)|
|Basic and diluted earnings per share, QR||1.76||1.52||1.41|