Barwa Real Estate QPSC (BRES`S)

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News

28 April 2019 01:10 PM Moody's withdraws International Bank of Qatar’s rating

Mubasher: Moody's Investors Service has withdrawn the credit ratings placed to International Bank of Qatar (IBQ), following the completion of the legal merger with Barwa Bank on 21 April 2019. Upon the merger deal, all assets and liabilities of …

Mergers and Acquisitions

21 March 2019 11:03 AM Barwa Real Estate’s OGM approves QAR 2.5/shr dividends for 2018

Mubasher: Barwa Real Estate announced that its shareholders had approved distributing a cash dividend of QAR 2.5 per share, for the fiscal year ended 31 December 2018 during an ordinary general meeting (OGM) held on Wednesday. The Qatari firm …

Company News

27 February 2019 05:46 PM Barwa Real Estate inks QAR 800m financing deal

Mubasher: Barwa Real Estate on Wednesday announced signing a financing deal worth QAR 800 million ($221 million) with a local bank. The seven-year agreement aims to finance part of the property firm's capital expenditures during 2019, Barwa Real …

Real estate

26 February 2019 10:04 AM Barwa Real Estate Q4 profits surge 73%; dividends proposed

Mubasher: Barwa Real Estate achieved an increase of 73% in profits during the fourth quarter of 2018 compared to the same period last year. Earnings soared to QAR 827 million ($229.2 million) in Q4-18 compared to QAR 478 million ($132.5 million) …

Real estate

13 February 2019 10:27 AM Barwa Real Estate inks QAR 1.2bn financing deal

Mubasher: Barwa Real Estate on Wednesday announced signing a QAR 1.2 billion ($332 million) financing agreement with a Qatari local bank. The seven-year deal aims to finance part of the Qatari firm’s capital expenses in 2019, the company said in a …

Companies Investments

2 December 2018 05:23 PM Qatar's court fines Barwa Real Estate $42m

The Qatari real estate company is expected to pay such amount in cash

Global Markets brief

29 October 2018 10:37 AM Barwa’s profit falls 10% in Q3

Mubasher: Barwa Real Estate posted a 10% year-on-year profit drop for the third quarter of 2018. Net profits amounted to QAR 279.3 million in Q3-18, compared to QAR 310.04 million in Q3-17, according to the company’s statement to the Qatar Stock …

Financial Results

2 October 2018 10:49 AM Barwa Al-Sadd acquires 75% of Millennium Plaza Hotel

Mubasher: Barwa Real Estate Company on Tuesday announced that its fully owned subsidiary, BARWA Al-Sadd Company, has signed an agreement to purchase 75% of Millennium Plaza Hotel. BARWA Al-Sadd will also buy the Wellness Center located at BARWA …

Mergers and Acquisitions

15 September 2018 06:55 PM First Finance launches new branch

Mubasher: First Finance Company (FFC), a subsidiary of Barwa Bank Group, has announced the opening of its new branch located at “Mawater City”. The new branch aims to facilitate car purchases and easy access of finance for individuals, and to be a …

Companies Investments

16 August 2018 04:44 PM QCSD raises non-Qatari ownership limit of Barwa Real Estate to 49%

Mubasher: Qatar Central Securities Depository (QCSD) on Thursday announced that it has amended non-Qatari ownership limit in Barwa Real Estate to 49%. Foreign ownership limit in the Qatar firm will reach 190.67 million shares, according to a …

Markets Regulations

25 July 2018 09:13 AM Barwa profit falls 12% in H1

Mubasher: Barwa Real Estate posted an 8% year-on-year increase in its operating revenues during the first six months of 2018, while net profits  (attributable to shareholders) fell 12%. Barwa logged a net profit of QAR 804 million during the …

Financial Results

11 July 2018 04:56 PM Barwa inks QAR 670m financial leasing deals with QP

Mubasher: Barwa Real Estate, a fully owned subsidiary Qatar Real Estate Investments Company “Alaqaria”, on Wednesday announced signing contract termination and discharge release for two financial leasing agreements with Qatar Petroleum (QP). The …

Corporate Actions

30 June 2018 06:06 PM Al Bader Construction wins QAR 105m deal from Barwa Real Estate

Mubasher: Qatar-based Barwa Real Estate Company (BRES) has announced awarding the expansion of Alkhor Workers Sports Complex to Al Bader Construction and Steel Works company at a value of QAR 105 million. The project is expected to be completed …

Real estate

28 June 2018 11:44 AM Barwa Real Estate unit buys $46m stake in Millennium Plaza Center

Mubasher: Barwa Al Sadd Co, a wholly-owned subsidiary of Barwa Real Estate Company (BRES), has signed a contract to purchase a 25% stake in Millennium Plaza Hotel and the Wellness Center at a value of QAR 167.21 million ($46 million). This deal …

Real estate

7 June 2018 09:45 AM Barwa Real Estate raises foreign ownership limit to 49%

Mubasher: Barwa Real Estate Company (BRES) on Thursday announced that its shareholders had approved increasing non-Qatari ownership limit to 49% instead of 25% during an extraordinary general assembly (EGA) held the previous day. The assembly also …

Real estate

25 April 2018 01:07 PM Barwa Real Estate to hike non-Qatari ownership to 49%

Mubasher: Barwa Real Estate on Wednesday announced that its board intends to increase the non-Qatari ownership limit to 49% from its current 25%. The decision came after the CEO of the Qatar Stock Exchange (QSE) Rashid Al Mansoori called on all …

Management Decisions

25 April 2018 00:30 PM Barwa Real Estate Q1 profits drop 19%

Mubasher: The financial statements of Barwa Real Estate showed an 18.6% year-on-year growth for the first quarter of 2018. Profits amounted to QAR 405 million in Q1-18, compared to QAR 479 million during Q1-17, according to a filing to the Qatar …

Financial Results

15 March 2018 04:54 PM QNB begins coverage on Barwa Real Estate, sets TP at QAR 39

Mubasher: Qatar National Bank (QNB) Group on Thursday announced that its research unit has initiated coverage on Barwa Real Estate Company (RBES) with a target price (TP) of QAR 39 per share instead of QAR 34.50, higher by 9.9%, for the coming 12 …

Sector Reports

28 February 2018 00:40 PM Barwa OKs QAR 2.5/shr dividends for 2017

Mubasher: Barwa Real Estate Company (Barwa) on Wednesday revealed that its ordinary general meeting approved the distribution 25% of the share par value in cash dividends, with a per-share dividend of QAR 2.5, for the year ended 31 December 2017. …

Cash Dividends

11 February 2018 09:32 AM Barwa's profits surge 336% in Q4-17

Mubasher: Barwa Real Estate on Sunday announced that its profits hiked 336.4% year-on-year for the fourth quarter of 2017. Profits amounted to QAR 480 million ($131.9 million) in the final quarter of 2017, a rise from QAR 110 million ($30.2 …

Financial Results

25 December 2017 10:01 AM Barwa to build QAR 1.3bn labour city in Doha

Mubasher: Barwa Real Estate Company on Monday announced signing a contract to build a new labour city at QAR 1.295 billion ($352.6 million) in collaboration with INSHA Co.-W.L.L. The 12-month contract entails the construction of a labour city on …

Companies Investments

19 December 2017 11:44 AM Qatar's Barwa to set up a residential city for labour

Mubasher: Barwa Real Estate Company on Tuesday said that it has signed a 27-year leasing contract for two plots of land with total area of 1.18 million square metres with the municipality and environment ministry. The company will set up a …

Companies Investments

28 November 2017 10:49 AM Qatar's BARWA completes sale of treasury stocks

Mubasher: Barwa Real Estate Company on Tuesday announced that it completed the sale of 50,110 treasury stocks, according to a bourse filing. The Qatar-based company’s capital amounted to around QAR3.89 billion divided on 389.12 million shares with …

Company News

8 November 2017 07:14 PM Barwa to sell Al Aqaria’s treasury stocks

Mubasher: Barwa Real Estate on Wednesday announced plans to sell treasury stocks owned by Qatar Real Estate Investment Company (Al Aqaria) in Barwa. The number of these treasury stocks is 50,100 stocks and represents 100% of Barwa’s treasury …

Banking and Finance

12 July 2017 09:55 AM Barwa inks QAR 755m leasing deal

Mubasher: Barwa Real Estate Company signed a leasing contract for its project Mustawdaat in Umm Shahrain area with Mohammed Hayil Group for Trading and Contracting. The contract’s period is ten years and a half, starting from 1 October 2017, with …

Companies Investments