ID :
235762
Wed, 04/11/2012 - 13:35
Auther :
Shortlink :
http://m.oananews.org//node/235762
The shortlink copeid
UDC Settles Loan Indebted by Ronautica Middle East
Doha, April 11 (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. (QNA)