Barwa Real Estate signs a facility agreement with Qatar International Islamic Bank
Barwa Real Estate company announced signing a new Facility Agreement with Qatar International Islamic Bank valuing QAR 600M, the purpose of the Facility is to finance a part of the company’s new projects which are currently under construction. The signing of this agreement reinforces the company’s strategy of strengthening its financial position by financing the upcoming projects through credit facilities with favorable rates, terms and conditions.
Finally, it’s worth noting that there is no conflict of interest between both parties involved in this facility.
Source: Barwa Real Estate