MD Khalil Sholy resigns, says UDC

13/01/2012 08:14 AST

United Development Company (UDC), builder of the man-made island the Pearl-Qatar, said yesterday its managing director and president Khalil Sholy has resigned with immediate effect. Sholy will retain his powers as managing director and president for three months “to assist the person who will be elected by the board of directors to fill the position,” UDC said in a statement posted on the Qatar Exchange. UDC, which has interests in hospitality, retail, transport and real estate, is the master developer of the Pearl, the mixed-use development built on an artificial island north of Doha.


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UDC to launch island project in QR5.5bn expansion plan

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United Development Company, the master developer of The Pearl-Qatar, will be launching a new state-of-the-art island project as part of UDC’s QR5.5bn estimated investment for the next five years.

Gulf Times

UDC posts net profit of QR608mn in 2017

08/02/2018

United Development Company (UDC) has posted a net profit of QR608mn on revenues of QR2bn in 2017, the leading Qatari shareholding company said yesterday.

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UDC opens ‘use facilities’ at The Pearl-Qatar

04/02/2018

H E Dr Issa Saad Al Jafali Al Nuaimi, Minister of Administrative Development, Labour and Social Affairs, Turki bin Mohammed Al Khater, UDC Chairman and Ibrahim Al Othman, UDC President & CEO inaugur

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