Doha, March 04 (QNA) - The annual ordinary general assembly meeting of the United Development Company (UDC), a leading Qatari public shareholding company and the master developer of The Pearl and Gewan Islands, approved the Board of Directors' recommendation regarding the distribution of QAR 194,747 million as dividends, equivalent to 5.5% of the initial value equivalent to 5.5 Qatari Dirhams per share.

This came during the meeting that was held on Wednesday and chaired by UDC Chairman Ahmed bin Ali Al Hammadi.

During the Ordinary General Meeting, all agenda items proposed by the Board of Directors were adopted, which included hearing the Board of Directors' report on the Company's performance, financial position and future plans, the Auditor's report on the Company's balance sheet, and the Company's balance sheet, and the loss and profit accounts.

The UDC Chairman presented the Company's activities and its financial results for the year 2025. He said: "The Company has achieved a net profit of QAR 404 million and total revenues of QAR 1.93 billion. The net profit attributable to equity shareholders stood at QAR 431 million with basic earnings per share of QAR 0.122". (QNA)