Qatar's Barwa Real Estate, one of its largest listed developers, swung to a loss in the fourth quarter, according to Reuters calculations.

Barwa made a net loss of QR518 million ($142.3 million) in the three months to December 31, Reuters calculated, based on Barwa's annual financial statement, in lieu of a quarterly breakdown. It made a profit of QR2.10 billion in the same period a year ago.

The company's 2015 profit was QR3.06 billion, versus QR2.78 billion in 2014, it said in a short bourse statement.

Barwa's board has recommended paying a cash dividend of QR2.2 per share, the same payout as the previous year . – Reuters