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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments, Performance

Qatar developer Barwa Q3 net profit jumps 23 pct

Posted on 22 October 2010

From Reuters: Qatari property developer Barwa Real Estate Co posted a third-quarter net profit of 305.2 million riyals ($83.8 million), a 22.6 percent rise from the same period a year ago. Barwa is the Gulf Arab region’s third largest developer by market capitalisation and an affiliate of the state’s sovereign wealth fund, the Qatar Investment Authority, which holds a 45 per cent stake in the company.
Barwa made a nine-month profit of 775.6 million riyals, the company said in a statement to the bourse website on Thursday, on higher property sales and as rental revenues more than doubled……………………………………….Full Article: Source


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