06-09-2020
Barwa Real Estate Group ‘BRES’ announced that it has signed a financing agreement with Barwa Bank worth QAR 800 million to refinance one of its current real estate projects. As stated by BRES, the transaction, which will extend for seven years, will have its positive impact on the company by enhancing the cash flows.
It is worth noting that the deal does not contain any conflict of interests between the contracting parties being Barwa Real Estate and Barwa Bank.