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 19.4 billion on 31st December 2020.

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 (UDC), has added four accolades at the 2020 Arabian Property Awards, including the Mixed-Use Development award for The Pearl-Qatar, Best Mixed-Use Architecture for Gewan Island, Best New Hotel Construction & Design for Corinthia Gewan Island Qatar hotel, and Best Residential Property for Gewan Island’s private villas.

 

UDCD
11/05/2021
Currency QAR
Previous Close 1.60
Change (%) -0.43
Volume 611,075
Number of Shares (mln) 3,541
Market Cap (mln) 5,676
Key Figures (QR‘000) 2018 2019 2020
Revenue 1,627,391 1,759,934 1,175,692
Gross profit 784,535 775,469 620,068
Operating profit 525,241 537,436 300,942
Profit for the year 544,546 458,105 264,924
Total assets 18,334,796 18,201,868 19,476,184
Total liabilities 7,188,684 6,962,319 8,154,405
Total equity 11,146,112 11,239,549 11,321,779
Net cash flows from operating activities 423,471 696,162 238,315
Net cash flows used in investing activities (204,201) 117,943 (358,351)
Net cash flows used in financing activities (830,889) (785,901) 316,956
Basic and diluted earnings per share, QR 0.141 0.120 0.064