United Development Company announced the signing of a real estate financing facility agreement in the amount of 2 billion Qatari riyals with Commercial Bank.
The United Development Company concluded a banking facilities agreement with the Commercial Bank.
The goal to be achieved through the process is to obtain real estate financing facilities for the company from the Commercial Bank.
The value of the facilities is 2 billion Qatari riyals.
The payment method and financing sources will be payments over a period of 18 years.
- There is no negative impact on the company’s financial position resulting from the completion of the facilities process.
The positives are the provision of real estate financing facilities.