Mubasher: Barwa Real Estate announced that its shareholders had approved distributing a cash dividend of QAR 2.5 per share, for the fiscal year ended 31 December 2018 during an ordinary general meeting (OGM) held on Wednesday.
The Qatari firm plans to increase its real estate portfolio through setting investment plans for developing the available vacant lands totalling 5.8 million square metres in Qatar, state-run Qatar News Agency (QNA) reported, citing Barwa’s chairman Salah bin Ghanim Al Ali as saying.
For the full-year 2018, Barwa Real Estate reported a 12.4% year-on-year profit increase to QAR 1.91 billion, against QAR 1.7 billion in the prior fiscal year.
By 10:42 am Qatar time, Barwa’s stock fell 6.71% to QAR 37.06.
