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FINANCIAL NEWS
Qatari Basrec secures USD1b loan for mega-mall project
02 Jul 2012
(MENAFN) Qatari developer Bawabat Al Shamal Real Estate Company (Basrec) signed a USD1.01 billion syndicated loan to help fund the development of its Doha Festival City project, Trade Arabia reported.
General Manager Marwan Shehadeh said the 10-year facility was the largest Qatari private sector syndicated transaction.
The USD1.6 billion mall is being built on a 433,847sqm area which will include 260,000 sqm gross leasable area of retail space offering over 500 retail units which will include a large number of new brands to Qatar.
The development is located north of downtown Doha on Al Shamal Road, one of the main arterial routes to the city centre, and the route that will eventually connect Doha with Bahrain via the Qatar-Bahrain Causeway.
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BBK discloses its financial results for the half year ended 30th June 2025
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BBK proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
03 Jul 2025
BBK hosts executive leadership session on digital assets in collaboration with Rain
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
16 Jun 2025
BBK and CrediMax Offer Exclusive 20% Discount on Turkish Airlines Flights for Cardholders
25 May 2025
BBK strengthens commitment to sports development through strategic partnership with Bahrain Basketball Association
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