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Barwa inks $44.3m financing deal with Masraf Al-Rayan

Barwa inks $44.3m financing deal with Masraf Al-Rayan
Photo Credit: Arabianeye-Reuters
Al Rayan
MARK
-2.68% 2.43 -0.07
Barwa
BRES
-1.06% 2.80 -0.03

Doha-Mubasher: Barwa Real Estate has signed a Sharia-run financing agreement with Masraf Al Rayan for QAR 1.618 billion ($44.3 million).

The credit facility will be used for refinancing an Islamic debt obligation due to Barwa. The financing has duration of five to seven years.