United Development Company QSC (UDC) is one of the leading private sector companies in the State of Qatar, and has been listed on the Qatar Exchange since June 2003.
The company was established in 1999 to enable private sector investors to participate in the economic development of Qatar and the Gulf Region, and to provide optimum returns for partners, investors and shareholders alike. UDC currently has an authorized share capital of QR 3.372 billion, total assets of QR 18.764 billion at 31 December 2013 and a market capitalization of QR 7.625 billion.
Rights Issue: June 5, 2005 – July 4, 2005
UDC held a Shareholder Rights Issue for a capital increase between June 5 and July 4, 2005, with subscription open to all shareholders registered at the Qatar Exchange (successor of Doha Securities Market) as of the close of business on Wednesday, May 25, 2005.
The Rights Issue offered subscribing shareholders one additional share for every two held, at a special price of QR 40 per new share inclusive of QR 30 share premium/share. The objective was to raise QR 1.1 billion in new capital for further investment and expansion. The Rights Issue was successful in reaching its target, and was in fact oversubscribed by over 40 percent.
United Development Company’s Corporate Governance Report:
• Official Report in Arabic (PDF)
Contact Shareholder Relations at:
T (+974) 440 98 374
F (+974) 440 98 372
P.O. Box 7256 Doha, Qatar