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.

Qatari property developer's profits surged 348% to QAR 482.5 million during the fourth quarter of 2017 against QAR 107.7 million in the same period a year earlier, according to a filing to the Qatar Stock Exchange (QSE).

For the full year 2017, Barwa's profits rose 6.2% to QAR 1.7 billion versus QAR 1.6 billion the year before.