Market: Qatar
Symbol: UDCD
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 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.

Currency QAR
Previous Close 1.38
Change (%) -0.72
Volume 1,126,539
Number of Shares (mln) 3,541
Market Cap (mln) 4,886
Key Figures (QR‘000) 2016 2017 2018
Revenue 2,390,773 2,031,853 1,627,391
Gross profit 1,041,411 966,259 784,535
Operating profit 742,244 722,069 525,241
Profit for the year 680,862 607,792 544,546
Total assets 18,723,284 18,341,464 18,334,796
Total liabilities 7,413,463 6,805,844 7,188,684
Total equity 11,309,821 11,535,620 11,146,112
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