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BARWA POSTPONES ALL DUE RENTS OF COMMERCIAL UNITS FOR A PERIOD OF THREE MONTHS

Barwa BRES 2.85% 2.39 0.07

As per the safety precautions being implemented around Qatar, due to the outbreak of the Coronavirus (Covid 19) and its potential impact on some of the commercial activities, Barwa Real Estate Group announced postponing all due rents of its commercial units, showrooms, warehouses, workshops, and offices, for a period of three months starting from April 2020.

 

His Excellency Mr. Salah Bin Ghanim Al Ali, Chairman of the Board of Directors, stated that: “Barwa has always been part of its surrounding conditions, hence, this initiative comes to reflect the group’s on-going commitment towards the national economy and investors. Moreover, Barwa constantly strives to be proactive in supporting initiatives aimed at the private sector, being a significant pillar of the development of Qatar as per the National Vision 2030 supported by His Highness Sheikh Tamim Bin Hamad Al Thani, The Emir of the State of Qatar.

 

H.E. Mr. Al Ali added: “Barwa Real Estate values its long-term partnership with tenants, stakeholders, as well as its partnership with the government of Qatar. The group will therefore continue to extend the support needed and activate national initiatives to support the private sector”.

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