The United Development Company announced the appointment of His Excellency Mr. Ahmed bin Ali Al Hammadi as Chairman of the Board of Directors, and the appointment of Mr. Ali Hussein Al -Fardan as Vice Chairman, as of March 16.
This came in a statement published by the Qatar Stock Exchange on its official website. The United Development Company, one of the leading companies in Qatar and the main developer of the Pearl and Seape Islands, recently held the company’s regular general assembly meeting, headed by His Excellency Mr. Ahmed Ali Al Hammadi, Chairman of the Board of Directors, and during the meeting, the shareholders agreed to distribute cash dividends of 194,747 million riyals, representing 5.5% of the nominal value of the share.
It is worth noting that the United Development Company, one of the leading companies in Qatar and the main developer of the pearl islands and Jaita, had held last week the company’s regular general assembly meeting, and the shareholders agreed to distribute cash profits of 194,747 million riyals, representing 5.5% of the nominal value of the share.
The United Development Company, through strategic planning and strong operational achievement, was able to make great progress and reached its goals on the specified date through the completion of the completion of the island of Joape, and the work of the development of the Corinthia Hotel and the Solimar Beach Club is going according to the specified timetable. In addition, the opening of the International Pearl Hospital is one of the prominent landmarks, as it provides a valuable resource for health care and enhances society on the pearl islands and a chip.
