United Development Company Q.P.S.C Announces the Completion of the Sale & Purchase of 40% Share in Qatar District Cooling Company

United Development Company Q.P.S.C (“UDC”) announces the completion of the sale & purchase transaction with QIA Investco Holding Company LLC, a wholly owned company by Qatar Investment Authority to buy 40% share in Qatar District Cooling Company Q.P.J.S.C. (“Qatar Cool”) from UDC Shares in Qatar Cool for an amount of QAR 793.4 million.