Doha: 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.

According to Qatar News Agency, this decision was made during the meeting held on Wednesday, chaired by UDC Chairman Ahmed bin Ali Al Hammadi. The meeting saw the adoption of all agenda items proposed by the Board of Directors, including the review of the Board's report on the Company's performance, financial position, future plans, and the Auditor's report on the Company's balance sheet and profit and loss accounts.

The UDC Chairman presented the Company's activities and financial results for the year 2025, noting that the Company 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.