Doha – Mubasher: Barwa Real Estate purchased 10% stake in Al Imtiaz Investment Group’s subsidiary Nuzul Holdings for QAR 16.8 million ($4.61 million).
As a result, Barwa’s shareholding in Nuzul rose from 39% to 49%, according to a bourse filing.
The Qatar-listed firm’s stock rose 1.3% to QAR 31.22 in Thursday’s early trades.
Barwa owns 24.4% of Al Imtiaz's shares, a statement mentioned.
