(MENAFN) United Development Company (UDC), the developer behind The Pearl-Qatar, signed a new loan agreement worth USD120 million, Arabian Business reported.
The new loan is set to replace a previous loan agreement, which has expired on August 21, and will last for three years.
The developer, which reported a 34 percent increase in its profit in the January-June period to USD143 million, expects that it will continue to deliver strong results in the second half of the year.
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