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FINANCIAL NEWS
Qatar’s Barwa Real Estate plans USD4.1b capital spending
07 Jul 2015
(MENAFN) Barwa Real Estate, the Qatari real estate developer, has set USD4.1 billion of capital spending for a five-year plan to gain profit on equity of no less than 15 percent by 2020 end, Reuters reported.
The company did not identify if this sum is a yearly capital expenditure or the accumulative amount for the five-year period, according to a bourse filing.
Barwa added that it would seek to refund its existing debt obligations, hoping to escalate the duration of the maturities on the best accessible conditions.
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