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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments

Barwa Real Estate Q2 profit nearly trebles

Posted on 05 July 2016

Qatar’s Barwa Real Estate, one of the Gulf Arab state’s largest listed developers, reported a near-trebling of second-quarter net profit yesterday, according to Reuters calculations. Qatari Diar, a real estate-focused unit of sovereign wealth fund the Qatar Investment Authority, owns 45% of Barwa.
Barwa made a net profit of QR550mn ($151.1mn) in the three months to June 30, Reuters calculated based on previous financial statements in the absence of a quarterly breakdown. This compares with a profit of QR193mn in the prior-year period, Reuters data shows. Barwa made a net profit of QR1.20bn in the first half of 2016, compared with QR3.45bn in the corresponding period of last year, a bourse statement showed………………………………………..Full Article: Source


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