Doha – Mubasher: Barwa Real Estate company said on Sunday that it has a new facility agreement with Qatar International Islamic Bank (QIIB) worth QAR 600 million.
The purpose of the facility is to finance a part of the company’s new projects which are currently under construction, according to a bourse filing.
Barwa said that the agreement reinforces the company’s strategy of strengthening its financial position by financing the upcoming projects through credit facilities with favourable rates, terms and conditions.
The company also noted that that there is no conflict of interest between both parties involved in this facility.
