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Amlak-Barwa JV gets Qatar licence

  • Qatar: Wednesday, September 10 - 2008 at 07:23

Real estate financier Amlak Finance and Barwa Real Estate Company, a publicly listed property developer in Qatar, have announced that Amlak Finance (Qatar) has received a Qatar Central Bank licence to commence operations. Amlak Finance (Qatar) appointed the first board of directors comprising three representatives from Barwa and two from Amlak, as stipulated in the joint venture agreement with an authorised capital of 500m Qatari riyals. Amlak holds 40% and Barwa 60%.

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