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ALAQARIA REAL ESTATE INVESTMENT COMPANY SIGNS CONTRACT TERMINATION AND DISCHARGE RELEASE OF FINANCIAL LEASING AGREEMENTS WITH QATAR PETROLEUM

Barwa BRES -0.72% 2.76 -0.02
Barwa Real Estate Company has announced that it’s fully owned subsidiary, Qatar Real Estate Investments Company “Alaqaria”, has signed contract termination and discharge release for (2) financial leasing agreements, related to real estate projects, with Qatar Petroleum that Alaqaria has been constructing to be leased to Qatar petroleum. The contract termination and discharge releases will result in Alaqaria to receive 670 million Qatari Riyal, which will entail an increase in the balance of cash and bank balances of Barwa Real Estate Group. It will support the investing activities of the Group.

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