27-06-2021
The United Development Company announced the signing of a general banking facilities agreement amounting to 150 million Qatari riyals with the Commercial Bank of Qatar.
- The objective to be achieved from the operation is general banking facilities that the company obtains from the Commercial Bank of Qatar.
- The total value of the operation is 150 million Qatari riyals (one hundred and fifty million Qatari riyals).
- The method of payment and the sources of financing the process are in one payment due on September 30, 2021.
- There is no negative impact on the company's financial position due to the completion of this process
- One of the advantages is the provision of general banking facilities.