Barwa Sells Land Plot in Bahrain

Barwa Real Estate Group has sold a land plot in Bahrain Bay, owned by GHIC Real Estate, a wholly-owned subsidiary of Barwa Real Estate.

Under the agreement, the sale of the 12,478 sqm plot will be completed according to the terms set forth in the agreement, Barwa said in a mandatory regulatory filing with the Qatar Stock Exchange.

This transaction is part of Barwa Real Estate’s strategy to optimise its portfolio performance and divest non-income-generating assets, positively affecting the group’s financial indicators and contributing to sustainable growth in shareholder returns.

"There are no conflicts of interest among the contracting parties in this agreement," the filing said.