February 22, 2024

Barwa signs QR3 billion financing deal with QIB

 

Barwa Real Estate Group has announced signing a new financing agreement for the amount of QR3 billion with Qatar Islamic Bank. The purpose of the new facility is to refinance a part of the Group’s facilities.

The term of the new financing is up to 10 years which will support the cash flow of the Group. It should be noted that there is no conflict of interest between the contracting parties in this agreement.

Barwa Real Estate Company is a real estate investment firm specializing in real estate projects which include residential facilities, a motor city, warehouses, and complementary commercial and retail spaces.

 

 

 

 

 

Qatar tribune