12-02-2025
United Development Co. announces the results of the AGM that were held on Wednesday 12 March 2025 whereby the following Agenda Items were Approved / Endorsed as follow:
Approve the meeting’s agenda.
Hear the Board of Directors’ report on the company’s performance, future plans and financial position for the fiscal year ending December 31, 2024.
Hear and ratify the Auditor’s report, the Company’s balance sheet, and the loss and profit accounts, for the fiscal year ending December 31, 2024.
Discuss and approve the Company’s balance sheet, and the loss and profit accounts, for the fiscal year ending December 31, 2023.
Hear the External Auditor’s Reports in accordance with Article (24) of the Corporate Governance Code for Companies & Legal Entities listed on Qatar Stock Exchange, issued by Qatar Financial Markets Authority.
Discuss the Board of Directors’ recommendation regarding the distribution of QR 194,747 million as dividends, equivalent to 5.5% of the initial value equivalent to 5.5 Qatari Dirhams per share.
Discharge the members of the Board of Directors from liability for the year ending December 31, 2024 and approve their remuneration including regular approval of the policy adopted in this regard.
Approve the Corporate Governance Report for the year 2024.
Appoint the External Auditor for the fiscal year 2025 and determine their fees.
Board of Directors Elections for the years 2025 -2027.
In regards to Board of directors election the list below:
H.E. Ahmed Ali Al-Hammadi
H.E. Abduulla Hamad Al-Attiyah
Mr. Nasser Jaralla Jaralla
Mr. Ali Hussein Alfardan
Mr. Ibrahim Jassim Al-Othman
Mr. Abdullaziz Mohammed Al -Mana
Mr. Abdulrahman Saad AlShathri
Mr. Mohammed Yaser Al-Mosallam
Mr. Ahmad Abdulla Al-Hammadi