DOHA: Forbes Middle East magazine recently published its report on the top 50 listed real estate companies in the Middle East for the year 2019, ranking Barwa Real Estate Group as sixth among all companies as part of the report. The ranking featured the top 50 companies listed on the region’s stock exchange, ranked by market value as of October 21st, 2019.
Issa Mohammed Al Mohannadi, Deputy Chairman & Managing Director of Barwa Real Estate, commented on the group’s performance saying: “Barwa Real Estate is one of the largest Qatari companies in the field of real estate development. The diverse investments which Barwa carries out to fulfill the needs of the local market is the key for its success. The group always considers the needs and aspirations of the Qatari society and views the national vision as the compass which determines the direction of its current and upcoming plans. Barwa will continue its efforts being the strategic partner of the Qatari government”.
Barwa Real Estate Group is a leading developer and operator of multiple realty asset-classes in Qatar and the Middle East Region. As a fundamental contributor to the development of Qatar, The Group primarily focuses on projects that serve the country’s requirement and meet the framework as set out in Qatar National Vision 2030. The Group enjoys a well-balanced portfolio of income generating annuity assets in residential, commercial, mixed use and hospitality. The Group owns more than 3.5 million square meters (built up area) of operating assets, with a local land bank of more than 5.2 million square meters.
Barwa serves broad range of stakeholders and clients, creating enduring demand and driving long-term performance. The Group subscribes to strong emphasis in operational excellence, good governance and value creation.
The total assets of Barwa Real Estate amounted to QR31.5bn with an increase of QR1.1bn compared to the total assets at 31 December 2018. While net profit attributable to the shareholders of the parent company amounted QR804m with earnings per share amounted to QR0.21 for the period ended on September 30, 2019.
Forbes Middle East report included the names of other Qatari companies besides Barwa Real Estate, which reflected the rapid growth and powerful performance of the real estate sector in Qatar.
