Barwa to sell QR16bn in assets to pay loans
- Qatar: Tuesday, October 09 - 2012 at 03:55
Qatari property firm Barwa Real Estate has said it plans to sell assets worth QR16bn ($4.4bn) in Qatar and Egypt to pay down loans, Reuters has reported. The assets being sold include land in the country as well as Barwa New Cairo project in Egypt. Barwa, Qatar's largest listed property developer, is 45% owned by Qatari Diar, the property arm of the Gulf country's acquisitive sovereign wealth fund, the Qatar Investment Authority.
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