Doha, April 21 (QNA) - United Development Co. reported the interim financial statement of QR 73.135 million for the three months ending Mar. 31, 2026.

The results were marginally higher compared to the QR72.372 million reported during the same period last year. Earnings per share were QR 0.021 for the first quarter of 2026.

Commenting on these results, UDC Chairman HE Ahmed bin Ali Al Hammadi said: "UDC’s performance in the first quarter reflects the consistency of our long-term strategy and a disciplined approach to value creation. We continue to advance Gewan Island as a fully integrated destination, enhancing its appeal through a carefully curated mix of residential, retail, and leisure offerings, while also reinforcing the infrastructure and long-term positioning of The Pearl Island."

For his part, UDC President & CEO Yasser Salah Al Jaidah said that first-quarter results reflected solid operational performance across the company's portfolio.

"Demand across our residential and retail offerings remains healthy, supported by steady progress across key developments on both The Pearl and Gewan Islands," he added. (QNA)