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Shareholders

Board of Directors

H.E Ahmed Ali Al-Hammadi, is the Director General of the General Retirement and Social Insurance Authority. Mr. Al-Hammadi has held various high-ranking positions, he was previously the Chief Investment Officer for Europe, Russia and Türkiye at the Qatar Investment Authority managing the European portfolio across various sectors. H.E Ahmed Ali Al-Hammadi, also sits on the boards of Heathrow Airport, SoFi, Borsa Istanbul and Dream International. On a local level, he plays a role as the Chairman of UDC, and Vice-Chairman of QEWC, board member of Masraf Al Rayan, and Qatar Industries. He was named a Young Global Leader by the World Economic Forum in 2019. Ahmed Al-Hammadi is a graduate of the Wharton School at the University of Pennsylvania and has obtained his MBA from the Harvard Business School.
H.E Mr. Ahmed Ali Al-Hamadi
Chairman
Mr. Ali AlFardan serves as Vice Chairman of Alfardan Group and a Partner and Vice Chairman at The International School of Choueifat. Mr. AlFardan is the Chairman of the Board of Directors of Danat Qatar Company, CEO of Al-Fardan Jewelry Corporation, CEO of Ghada Jewelry Company, CEO of Al Manara Trading Company and board member of the United Development Company and a board member of Qatar Insurance Group .
Mr. Ali Hussein Al-Fardan
Vice Chairman
Mr. Ibrahim Al-Othman has over 26 years of experience in the oil and energy industry in a number of leading national and international companies. Currently, he holds several positions including the President & Chief Executive Officer and Board Member of the United Development Company, and member of the Board of Directors of Qatari Diar and Msheireb Properties. In the past he held several executive positions and boards membership in various sectors.
Mr. Ibrahim Jassim Al-Othman
Member
Mr. Nasser Jaralla Al Marri serves as Chairman of the Financial Affairs Authority at the General Headquarters of the Qatar Armed Forces/ Ministry of Defense since 2016. He spent several years in leading roles across the government such as CFO of Marafeq Qatar/ Qatari Diar, Director of Business Development and Investment Promotion in the Ministry of Economy and Commerce, Director of Admin & Finance in the Ministry of Economy & Commerce. He was Vice Chairman of Qatar Steel International Company and a Board Member of Qatar Mining Company. Currently, he serves as a Board Member of Masraf Al Rayan Bank, United Development Company (UDC) and Vodafone Qatar.
Mr. Nasser Jaralla Al-Marri
Member
Sheikh Khalid bin Faisal Al Thani has served as a Board Member of Al Faisal Holding since 2020 and was appointed as CEO of its Contracting & Construction Cluster in 2022. Sheikh Khalid bin Faisal Al Thani holds a bachelor’s degree in communications from Northwestern University Qatar and is a Board Member of Al Rayyan Tourism Investment Company (“ARTIC”), the hospitality arm of Al Faisal Holding. He also sits on the Board of Trustees of the Sheikh Faisal bin Qassim Museum.
Sheikh Khaled bin Faisal Al Thani
Member

Majority Shareholders

United Development Company (UDC) is a leading Qatari public shareholding company with a strategy designed around identifying and investing in long-term projects contributing to Qatar’s growth and providing shareholder value.
Established in 1999, the Company was firstA listed on the Qatar Exchange in June 2003. It has an authorized share capital of QR 3.5 billion and total assets of QR 19.7 billion as of 30 September 2021.
From day one, the Company actively contributing in the development of the State of Qatar, rapidly evolving into a leading Qatari public shareholding company and has successfully established a group of various good performing investments.
Through a combination of project activities and commercial enterprise, UDC and its subsidiaries have accumulated a large amount of specific experience including detailed knowledge of real-estate development, property management, hospitality and maritime, infrastructure and utilities.
2023 Annual Report
Read our 2023 Annual Report and discover our efforts and achievements over the past 12 months.
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2022 Annual Report
Read our 2022 Annual Report and discover our efforts and achievements over the past 12 months.
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2021 Annual Report
Read our 2021 Annual Report and discover our efforts and achievements over the past 12 months.
Read here
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