Doha, July 21 (QNA) - United Development Company, the lead developer of The Pearl and Gewan Islands, announced its financial results for the second quarter of 2026, achieving a net profit of QR 115 million, revenues of QR 885 million, net profit attributable to owners of the company of QR 119 million, and basic earnings per share of QR 0.034.

"Commenting on the results, Mr. Ahmad bin Ali Al-Hammadi, Chairman of the Board of Directors of United Development Company, said: 'The second quarter witnessed tangible progress in our development and commercial activities, as we continued to implement strategic projects that support the future growth trajectory, while maintaining strong operational performance, further enhancing the appeal of The Pearl and Gewan Islands as leading destinations for living, investment, and high-end lifestyles.'"