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The United Arab Development Company (UDC) said that the first half of this year saw a 56% increase in the number of residential properties leased by the company, confirming its commitment to complete and implement its new development projects . According to a statement from the company, "Mubasher" released Wednesday, that with the increase in occupancy rates in Pearl Qatar, the retail unit rental volume has increased by 19% in the first six months of this year . In the area of Viva Bahri Pearl-Qatar is one of the most important achievements of the company in the first half of 2018, as well as the conclusion of a lease with a company rented for 285 housing units in the area of Central Medina in the second quarter .
The profits of United Development Development decreased from 13.4% in the second quarter of 2018 to 45.9 million riyals, and registered a profit of 260.4 million riyals in the first half of the year. year, up 8.3%.
The company was established in 1999 and listed on the Qatar Stock Exchange in June 2003. Its authorized capital is 3.54 billion rials. Billions as of June 30, 2018 .
The company's activities cover a number of investment sectors
United Development Co. (UDC) ended the day up 0.14% at SAR 14.07, recording a significant increase in the number of shares traded on the market. Market value of 1.29 million rials, distributed to 91.74 thousand shares.
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