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United Development, Doha Bank Agree 780 Million-Riyal Financing

United Development Co. (UDCD), an investor in construction and energy, conculded a 780 million-riyal finace agreement with Doha Bank, according to a statement by the company to the Qatari bourse today.

The funds willl be used to for developing Porto Arabia retail units, it said.

To contact the reporter on this story: Inal Ersan in Dubai at iersan@bloomberg.net

To contact the editor responsible for this story: Inal Ersan at iersan@bloomberg.net

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