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Sovereign Wealth Funds Briefing - Categorized | Financials, Performance

Barwa’s first-half profit advances 33pct after state support on loan payment

Posted on 16 August 2010

From Bloomberg: Barwa Real Estate Co.,which has Qatar’s sovereign wealth fund as one of its biggest shareholders, reported a 33 percent increase in first-half profit as the largest Qatari developer by assets received help from the gas-rich country’s government to repay some Islamic finance obligations.

Net income rose to 498.4 million riyals ($137 million), or 1.63 riyals a share, from 374.2 million riyals, or 1.43 riyals, in the year-earlier period, the company said in a statement to the Qatar Exchange website today…………………………………….Full Article: Source

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