United Development Company announced the renewal of credit facilities as follows:

 

-The objective to be achieved from the transaction is general credit facilities

-The total value of the facility is 766 million Qatari riyals

-The method of payment is one payment after three years

-The renewal agreement was entered with CBQ

-There is no impact on the financial position of the company due to the completion of this transaction

-Advantage is to contribute in providing general credit facilities, and there are no negatives impact or risks

-There is no conflict of interest between relevant persons in the transaction

-There is also no change in ownership percentages before and after the completion of the transaction