ID :
164919
Tue, 03/01/2011 - 09:38
Auther :
Shortlink :
https://oananews.org//node/164919
The shortlink copeid
Qatari Diar, Barwa Real Estate Fully Repaid $ 1.5 billion
Doha, February 28 (QNA) - Qatari Diar Real Estate Investment and Barwa Real Estate on Monday announced that they have fully repaid the amount of $ 1.5 billion obtained through a temporarily financing agreement Murabaha concluded in cooperation with the Standard Chartered Bank HSBC .
Ghanim bin Saad Al Saad, Managing Director of Qatari Diar, who is also Board Chairman and Managing Director of Barwa Real Estate Company expressed in a press release all thanks to the partners bankers for their support to enable the two companies to participate in the future development of the State of Qatar and to continue the ongoing expansion of their activities.
He stressed the Qatari Diar and Barwa Real Estate Companies puirsuit to meet the future requirements of the State of Qatar with a view to enhancing its international position as a commercial hub of global investment.
The Qatari Diar Real Estate Investment Company is wholly owned by the Qatar Investment Authority (QIA), was founded in December of 2005 to support Qatar's economy and form a pillar of real economic progress Qatar was witnessing. To achieve this the Company is implementing more than 35 projects in more than 20 countries worldwide . The company also owns 45 per cent of the shares of Barwa Real Estate Company.
Ghanim bin Saad Al Saad, Managing Director of Qatari Diar, who is also Board Chairman and Managing Director of Barwa Real Estate Company expressed in a press release all thanks to the partners bankers for their support to enable the two companies to participate in the future development of the State of Qatar and to continue the ongoing expansion of their activities.
He stressed the Qatari Diar and Barwa Real Estate Companies puirsuit to meet the future requirements of the State of Qatar with a view to enhancing its international position as a commercial hub of global investment.
The Qatari Diar Real Estate Investment Company is wholly owned by the Qatar Investment Authority (QIA), was founded in December of 2005 to support Qatar's economy and form a pillar of real economic progress Qatar was witnessing. To achieve this the Company is implementing more than 35 projects in more than 20 countries worldwide . The company also owns 45 per cent of the shares of Barwa Real Estate Company.
