UDC settles Ronautica ME debts
Doha - QNA
The United Development Company (UDC) announced Wednesday that deliberations have been carried out regarding the due loan of Ronautica Middle East, a 100% owned subsidiary of UDC, to the Commercial Bank of Qatar. The UDC said in a statement published on the (Qatar Exchange) website that it will pay the remaining amount of the loan indebted by Ronautica Middle East to Commercial Bank of Qatar, by paying a total amount of 165,298,646.21 (One hundred sixty-five million two hundred ninety-eight thousand six hundred forty-six Qatari Riyal and twenty one Dirhams), and thus completely settling the above loan.
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