DOHA: United Development Company (UDC) will sign a loan & facility agreement with Masraf Al Rayan for an amount not exceeding a QR854m, UDC said in a Qatar Exchange filing yesterday. The financing is in connection with the construction of Towers 1 and 2 in Abraj Quartier on the Pearl Qatar Island.
In a separate filing to the bourse, the company disclosed that it has also decided to execute a mortgage for an amount not exceeding QR1.1bn to finance a project of “Medina Central Company”, a fully-owned company by the UDC. The Peninsula
