Barwa Real Estate Q P S C : announces its intention to sell its shares in Al Imtiaz Investment Group Company in th ...
January 24, 2022 at 02:14 am EST
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Barwa announces its intention to sell its shares in Al Imtiaz Investment Group Company in the State of Kuwait
24/01/2022
Barwa Real Estate Company announced its intention to sell its shares in Al Imtiaz Investment Group Company K.S.C., a public joint stock company registered in the State of Kuwait. The number of these shares is (276,631,657) shares, representing 24.40% of the company's issued shares. The sale process will take place in accordance with the regulatory procedures issued and the regulations set by theKuwaiti Capital Markets Authority and the Kuwait Stock Exchange.
This disclosure is made on the same date as the disclosure sent to the Capital Markets Authority and the stock exchange in the State of Kuwaitregarding the same matter. This is in compliance with the regulations of the Qatar Financial Markets Authority regarding disclosure requirements for listed companies.
Barwa will later disclose the details of the sale if it occurs, as required by the regulations of Qatar Financial Markets Authority.
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Barwa Real Estate Company QSC published this content on 24 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 January 2022 07:13:06 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.