ANNUAL REPORT

2022

BARWAQATAR

H.H. SHEIKH TAMIM BIN HAMAD AL THANI

H.H. SHEIKH HAMAD BIN KHALIFA AL THANI

THE EMIR OF THE STATE OF QATAR

THE FATHER EMIR

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The Barwa brand has become synonymous with careful project identification, timely execution, adherence to quality standards, cost efficiency and prudent fiscal management, complemented by valuable local expertise. Straddling the residential, commercial, mixed-use and hospitality sectors, we continuously strive to produce a well- balanced portfolio that is geared towards consistent income-generating annuity assets.

Our strategy is centered on keeping our portfolio optimized, by aligning it with market and stakeholder demand, while being focused on long-term value creation.

We have invested wisely in a well-proportioned development pipeline that adds further diversity to our portfolio, and enables us to capitalize on future market opportunities in a thoughtful and risk-mitigated way.

By diversifying into the healthcare and education-based assets, PPPs and other well studied opportunities, we aim to further insulate ourselves from economic-cycle swings.

By adding mid-to-high residential units to our portfolio, we aim to strengthen our holdings of annuity income-generating assets and further bolster our ability to produce free cash-flows.

To enable a more sustainable payback from our new freehold positions taken in emerging areas such as Lusail, we aim to add the "built-to-sell" model

as part of a judicious portfolio mix that yields appreciable returns.

With efficient capital allocation, well-conceived projects, operational excellence and efficient corporate structures, we are on the path to strengthening our position as a multi asset-class realty major.

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OVERVIEW

Barwa at a glance

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Financial highlights

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What we do

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Where we do it

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STRATEGIC REPORT

Board of Directors report

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Six compelling reasons to invest in Barwa

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Message from the group Chief Executive officer

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Our market drivers

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Our well positioned development pipeline

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Freehold zones a growing opportunity

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Securing Barwa's ICT framework

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Actively managing risk

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Our people: Bringing Barwa's vision and values to life

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Our commitment to community

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Real estate projects in Qatar

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Qatar real estate investments

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International real estate investments

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Independent subsidiaries

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International Associate Companies

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Board of Directors

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TABLE OF

CONTENTS

CORPORATE GOVERNANCE REPORT

Corporate Governance Report

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Appendix (1) Board Member CVs

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Management Assessment of

Internal Control over Financial Reporting

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Shari'a Supervisory Board Report

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FINANCIAL REPORT

Independent Auditor's Report

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Consolidated statement of financial position

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Consolidated statement of profit or loss

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Consolidated statement of comprehensive income

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Consolidated statement of changes in equity

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Consolidated statement of cash flows

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Notes to the consolidated financial statements

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Attachments

Disclaimer

Barwa Real Estate Company QSC published this content on 18 March 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 March 2023 15:06:03 UTC.