Barwa Announces Selling Its Shares in Barwa Bank

20/01/2014 16:00 AST

Barwa Real Estate Group announced selling its shares in Barwa Bank which are 37.34% of the total shares of the Bank. This transaction which is worth around QR 2.4 billion is part of the previously signed memorandum of agreement between Qatari Diar and Barwa Real Estate, according to which Barwa sells some of its assets to the Qatari Diar and uses the profit of those transactions to pay off some credit facilities. The deal is expected to positively reflect on the financial statement of Quarter 4 of the year 2013.

Barwa Real Estate sold all the shares it holds in Barwa Bank after using its rights to buy back QR40.746.660 million shares, about 14% of Barwa Bank shares, in December 2013, the same shares which had been sold by Barwa to a related party the year before while keeping its rights to repurchase. The group is currently obtaining all legal and government approvals necessary to complete the transaction.


Press Release

News

Barwa forecasts soft landing for Qatar real estate market

28/02/2018

Qatar’s real estate market is heading to a ‘soft landing’ before taking a turnaround in post 2020, Barwa Real Estate Group CEO Salman bin Mohammed Al Mohannadi (pictured) has said.

Speaking

The Peninsula

Barwa Real Estate Group net profit up 6% to QR1.7bn in ’17

11/02/2018

Barwa Real Estate Group has posted a 6% growth in net profit to reach QR1.7bn in 2017, it was announced. The group’s real estate portfolio has grown to include 6,639 housing units, 12,706 worker room

Gulf Times

Barwa & IQ outperform GCC equities in January

05/02/2018

Qatar’s Barwa Real Estate and Industries Qatar (IQ) have emerged as top performers among GCC equities during the month of January 2018. Barwa outperformed GCC equities after surging 19 percent, accor

The Peninsula

Most Viewed Companies

Ticker Price Volume
SABIC 114.77 5,915,941
RIBL 13.83 1,519,548
JARIR 177.89 111,251
STC 83.41 257,644
DARALARKAN 13.47 74,648,349

Valuation

BRES Sector Market
P/E
Price/BookValue
Dividend Yield (%)

Momentum

Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg

Top Related Companies

Ticker Price Change
ERES 10.25 -0.28 (-2.66%)
MABANEE 700.00 -13.00 (-1.83%)
UDCD 14.70 -0.10 (-0.68%)
SRE 325.00 -15.00 (-4.42%)
REAM 1,572.00 0.00 (0.00%)

Recent News

SABIC-MCC joint venture starts output

05/04/2018

SABIC announced the successful completion of the pilot operation of the Methyl Methacrylate Monomer (MMA) and Poly Methyl Methacrylate (PMMA) plants and the commencement of commercial operations.

Saudi Gazette

S&P affirms QIB rating at A-

05/04/2018

Standard & Poor’s (S&P) has affirmed QIB’s Issuer Credit Rating at A-, Qatar’s leading Islamic bank has said in a release. According to S&P, the major contributing factors strengthening QIB’s rating

Gulf Times

Qatar National Bank seeks growth in Southeast Asia

05/04/2018

Qatar National Bank (QNB) aims to increase its profit by 5-8 percent this year and loans and investments by 10-12 percent, helped by expansion into faster-growing Southeast Asia markets, its CEO told

The Peninsula

Doha Bank’s third Indian branch opens today

04/04/2018

Doha Bank has announced the official inauguration of its Chennai Branch, in the southern Indian state, will be held today. This is Doha Bank’s third city in India after its successful establishment o

The Peninsula

SHUAA to act as liquidity provider to Bank of Sharjah

04/04/2018

Bank of Sharjah said it has engaged SHUAA Capital International as liquidity providers for its shares and will commence the activity from April 4. SHUAA Capital International shall not hold more than

Gulf News

logo

Financial Information Co.

P.O. Box 69410, Riyadh 11547, Saudi Arabia

GCC Markets

Mutual Funds

News

Investment Tools

Sector News

Screeners

Indices & Commodities

Downloads

Copyright ©2001 - 2024, Financial Information Co. All Rights Reserved.

Terms of Services | Privacy Policy | Advertise with us | Contact Us | Sitemap