Barwa Real Estate denies raising $250m via Islamic loan

Doha – Mubasher: Barwa Real Estate Company, on Tuesday, has negated reports by Al Sharq, Gulf Times and Qatar Tribune newspapers about raising an Islamic loan worth $250 million to refinance the company’s financial liabilities.

Barwa said that this news, published on 3 November, was not issued by any Barwa official, and was based on banking sources, as stated in the release, according to a bourse filing.

Barwa’s stock fell in today’s early trading by 1.12% to QAR 31.

Mubasher Contribution Time: 08-Nov-2016 07:53 (GMT)
Mubasher Last Update Time: 08-Nov-2016 07:53 (GMT)