Barwa Real Estate, one of Qatar's largest listed real estate companies, announced a five-year business plan on Monday which targets a return on equity of no less than 15 per cent to the end of 2020.

Under the 2016-2020 plan, Barwa is looking at QR15 billion ($4.1 billion) of capital expenditure for the next five years, according to a bourse filing. It did not specify if this figure was annual capex (capital expenditures) or the cumulative amount for the period.

The company added that it would look to refinance its current debt obligations, aiming to increase the lifespan of the maturities on the best available terms.-Reuters