Qatar’s Barwa repays $1.16b in financial facilities

06 Apr 2010

(MENAFN) Qatar’s Barwa said that it has repaid $1.16 billion in Islamic financial facilities involving the sale of some assets and on settlement of claims for projects undertaken for the government and other third parties, QNA reported.

All of earnings from this transaction were used to pay back Tamweelat financing agreements, Doha-based Barwa said in a statement to the local bourse.

The repayment comes as part of Barwa’s efforts to reduce the overall cost of debt and to leverage it in a productive way.

More News

This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more