United Development, Doha Bank Agree 780 Million-Riyal Financing

Sept. 29 (Bloomberg) -- United Development Co., 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.

Link to Company News:{DHBK QD <Equity> CN <GO>} Link to Company News:{UDCD QD <Equity> CN <GO>}

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