United Development Co. announces it has signed agreement

of real estate banking facility agreement for the development of (Perlita Villas Project) with Dukhan Bank for the amount of QAR.1.5 Billion as illustrated below:

- The objective to be achieved is providing real estate banking facilities obtained from Dukhan Bank;

- The value of the facility is 1.5 billion Qatari Riyals;

- Loan duration and the method of payment and the sources of financing is on installments over 7 years and six months;

- There is no negative impact on UDC financial position due to the completion of this process;

- The advantage is to provide real estate banking facility.