United Development Company (a Qatari public shareholding company) announced achieving net profits of 150 million riyals for the first half of this year ending on June 30, compared to 189 million riyals for the same period in 2023.
The company stated in a statement today that the basic return per share amounted to 0.041 riyals during the first half of 2024, compared to 0.053 riyals for the first half of 2023.
The statement indicated that the company’s revenues for the first half of 2024 amounted to 829 million riyals, adding that the United Development Company continues its development process on the Pearl Island with the near completion of the Pearl International Hospital, scheduled to open in the third quarter of 2024, as this facility is expected to provide the company with a steady and long-term flow of revenues.
United Development Company was established in 1999 and listed on the Qatar Stock Exchange in June 2003.
The company has an authorized capital of SAR 3.5 billion and total assets of SAR 19.5 billion as of June 30, 2024.
