Saturday 23 November 2024
 
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qatari developer

Qatari developer Barwa inks $157m Islamic loan

Qatar's Barwa Real Estate has signed a $157.1-million sharia-compliant five-year loan, the developer said on Sunday. Barwa said it would use the money to refinance an existing Islamic financial liability but did not provide fu

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Barwa Q1 net profit doubles, rentals soar

Barwa Real Estate's quarterly profit more than doubled, as revenues surged on increased rentals and income from banking activities, the developer said in a statement on Sunday. Barwa had first-quarter net profit of QR548.49 ($150.6 mil

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