Tags
Barwa Real Estate Group has signed financing agreements with a local Qatari bank worth QR4.12bn for a term of nine years.
These agreements aim to refinance existing financing liabilities of the group, Barwa said in a regulatory filing with the Qatar Stock Exchange.
With the signing of these agreements, Barwa will have completed the refinancing of all its financing liabilities for new periods in line with its strategy to strengthen its overall financial position.
Barwa also confirmed the absence of any conflict of interest between the parties involved in these agreements.
The real estate company had earlier outlined QR15bn capital expenditure for the next five years as it aims at minimum 15% return of equity and doubling of shareholders' equity by 2020.
Barwa - which holds a large land property of 4.5mn square metres in Qatar in different areas as Lusail City, Mesaimeer, New Doha, Wakrah, Energy City, Al Khor, Grand Hamad Street and Ras Laffan - aims to complete the development of all these plots by 2020.
The new business plan (2016-20) is considered to be the largest since its establishment in 2005 in terms of the number and size of the projects to be developed over the next five years.
There are no comments.
SPORT Saying goodbye is never easy, especially when you are saying farewell to those that have left a positive impression. That was the case earlier this month when Canada hosted Mexico in a friendly at BC Place stadium in Vancouver.
TECHNOLOGY Some 60mn primary-school-age children have no access to formal education
CULTURE Lekhwiya’s El Arabi scores the equaliser after Tresor is sent off; Tabata, al-Harazi score for QSL champions
ARABIA The Yemeni Minister of Tourism, Dr Mohamed Abdul Majid Qubati, yesterday expressed hope that the 48-hour ceasefire in Yemen declared by the Command of Coalition Forces on Saturday will be maintained in order to lift the siege imposed on Taz City and ease the entry of humanitarian aid to the besieged
ARABIA Some 200 teachers from schools across the country attended Qatar Museum’s (QM) first ever Teachers Council at the Museum of Islamic Art (MIA) yesterday.
ARABIA The Supreme Judiciary Council (SJC) of Qatar and the Indonesian Supreme Court (SCI) have signed a Memorandum of Understanding (MoU) on judicial co-operation, it was announced yesterday.
ECONOMY Sri Lanka is keen on importing liquefied natural gas (LNG) from Qatar as part of government policy to shift to clean energy, Minister of City Planning and Water Supply Rauff Hakeem has said.
