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Qatari developer UDC says secures up to 730 mln riyal loan from CBQ
December 19, 2016 / 7:01 AM / 10 months ago

Qatari developer UDC says secures up to 730 mln riyal loan from CBQ

DUBAI, Dec 19 (Reuters) - Qatar’s United Development Co (UDC) has secured financing of up to 730 million riyals ($200.5 million) from Commercial Bank of Qatar (CBQ), the real estate developer said in a bourse filing on Monday.

It added the funding will be used towards the construction and development of Abraj Al Mutahida in Viva Bahriya, a real estate scheme in Doha. ($1 = 3.6414 Qatar riyals) (Reporting by Tom Arnold; Editing by David French)

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