ID :
172221
Thu, 03/31/2011 - 14:38
Auther :

UDC Establishing Company in Saudi Arabia

Doha, March 31 (QNA) -United Development Company (UDC) established a company engaged in the development of business opportunities in the Kingdom of Saudi Arabia .
In a company statement Thursday, the UDC said that it has established a company engaged in the development of business opportunities in Saudi Arabia as part of a strategic partnership with a Saudi investor, with a capital of 1.000.000 (one million SR), distributed equally between the two partners.
UDC authorized Managing Director and President to take all necessary actions and steps, and sign all documents required for the establishment of the abovementioned company.
United Development Company is one of Qatar s leading private sector shareholding companies. The company was established in 1999 and listed on the Qatar Exchange in June 2003. It has an authorized share capital of QR1.341 billion, total assets of QR 10.878 billion as of 31 December 2010

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