Mubasher: Barwa Real Estate on Wednesday announced signing a financing deal worth QAR 800 million ($221 million) with a local bank.
The seven-year agreement aims to finance part of the property firm's capital expenditures during 2019, Barwa Real Estate said in a statement to the Qatar Stock Exchange (QSE).
There is no conflict of interest between the contracting parties to this agreement, the Qatari firm noted.
For the full-year 2018, Barwa Real Estate reported a 12.4% profit increase, logging QAR 1.91 billion, against QAR 1.7 billion in the prior fiscal year.
Barwa Real Estate’s stock fell 2.16% to close at QAR 39 on Wednesday.
