Barwa Real Estate Inks QR 572m Loan

Doha, January 17 (QNA) - Barwa Real Estate Company has inked a QR 572 Million (US $157.1 Million) sharia-compliant five-year loan. A Qatar Stock Exchange (QSE) bulletin Sunday said the Qatari developer would channel the loan to refinance an existing Islamic financial liability. The loan is part of the Group's strategy to refinance its financing liabilities in order to strengthen its overall financial position, the company said. (QNA)