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FINANCIAL NEWS
Qatar- Developer UDC to raise USD428m loan from QNB
16 Jun 2013
(MENAFN) United Development Co (UDC) stated that it plans on raising USD428 million in loans from Qatar National Bank (QNB), reported Arabian Business.
UDC also said that it plans on using the loan to complete the purchase of remaining residential units at Qanat Quartier, currently owned by Pearl-Qatar Real Estate Shariah- Compliant Fund Co.
It is worth noting that the Pearl-Qatar (TPQ) is an artificial island spanning nearly four million square metres. It is the first land in Qatar to be available for freehold ownership by foreign nationals. In 2012, TPQ had more than 5000 residents.
More News
13 Apr 2026
BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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