Barwa Real Estate Q P S C : ANNOUNCES THE SIGNING OF A FACILITY AGREEMENT
May 21, 2023
Share
BARWA REAL ESTATE ANNOUNCES THE SIGNING OF A FACILITY AGREEMENT
22/05/2023
Barwa Real Estate Group announced signing a new financing agreement for the amount of QAR 3 billion (three billion) with Qatar Islamic Bank. The purpose of the new facility is to refinance a part of the Group's facilities. The term of the new financing is up to 10 years which will support the cashflow of the Group
It should be noted that there is no conflict of interest between the contracting parties in this agreement.
Barwa Real Estate Company QSC published this content on 22 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 June 2023 05:31:06 UTC.
Barwa Real Estate Company QPSC is a Qatar-based public shareholding company, which is engaged in the real estate operations and development. The Company is active in the following business segments: Real Estate, which develops, sells and leases condominiums, villas and plots of lands; Business Services, which provides business support services, as well as Financial Institution and Other Services, which comprises banks, financial and other institutions. Along with its subsidiaries, the Company focuses on the domestic and international real estate development business, investments, hotels ownership, project consulting, advertisement, brokerage services and others. The Company operates through the acquisition, reclamation, development and reselling of lands to establish agricultural, industrial and commercial projects, as well as in the real estate administration inside and outside the State of Qatar.
BARWA REAL ESTATE COMPANY Q.P.S.C. 
