UDC posts net profit of QR156m on revenues of QR1,259m in Q3
<p>Doha, Qatar: United Development Company (UDC), a leading Qatari public shareholding company and the master developer of The Pearl and Gewan Islands, announced its financial results for the third quarter of 2026, reporting net profit attributable to the equity shareholders of QR156m on revenues of QR1,259m with basic earnings per share of QR0.044.</p> <p>Commenting on these results, UDC…
Doha, Qatar witnessed United Development Company (UDC) posting a net profit of QR156 million during Q3 2026, with revenues reaching QR1,259 million. The company, a prominent Qatari public shareholding entity and developer of The Pearl and Gewan Islands, attributed its financial success to its diversified portfolio and strategic growth initiatives.
UDC Chairman Ahmed bin Ali Al Hammadi highlighted the company's resilience, stating that the Pearl and Gewan Islands, with their unique residential, commercial, hospitality, and leisure offerings, form a solid foundation for continued progress. UDC President & CEO Yasser Salah Al Jaidah underscored the company's commitment to maintaining financial discipline, exploring new opportunities, and bolstering the overall value of its portfolio.
Looking ahead, UDC aims to capitalize on the momentum by advancing key development milestones, such as progressing Perlita Gardens, expanding Gewan Island's hospitality and leisure assets, and bolstering retail occupancy through new brand integrations.
Written by urgent.news from The Peninsula Qatar Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
