Barwa Real Estate : Publishing the memorandum of Barwa City Transaction
June 18, 2014 at 09:08 am
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Further to the announcement on 7 May 2014 that Barwa Real Estate Company QSC ("Barwa") and Labregah Real Estate Company QSC ("Labregah") entered into a share sale and purchase agreement in relation to the sale of Barwa City Real Estate Company LLC ("Barwa City"), Barwa is pleased to announce that after implementing all necessary conditions and obtaining the no objection from the Qatar Financial Markets Authority, it has posted information about the transaction on its website www.barwa.com.qa.
Barwa therefore expects to be able to announce completion of the transfer of the shares of Barwa City to Lebregah in the near future. You can check documents by pressing here
Barwa Real Estate Company QPSC is a Qatar-based public shareholding company, which is engaged in the real estate operations and development. The Company is active in the following business segments: Real Estate, which develops, sells and leases condominiums, villas and plots of lands; Business Services, which provides business support services, as well as Financial Institution and Other Services, which comprises banks, financial and other institutions. Along with its subsidiaries, the Company focuses on the domestic and international real estate development business, investments, hotels ownership, project consulting, advertisement, brokerage services and others. The Company operates through the acquisition, reclamation, development and reselling of lands to establish agricultural, industrial and commercial projects, as well as in the real estate administration inside and outside the State of Qatar.