Doha, Qatar–Barwa Real Estate recorded an 8-percent rise in net profit to $337 million in 2023, compared to a net profit of $312.63 million in the previous year.
The earnings per share (EPS) amounted to QR0.316 for the year ended December 31, 2023 compared to an EPS of QR0.292 in the previous year.
The board of directors proposed the distribution of a cash dividend of 18 percent of the shares’ par value at the rate of QR0.18 per share. The proposed cash dividend is subject to the approval of the shareholders’ general assembly.
Barwa Real Estate Company was established in 2005, aiming to become one of the specialized companies in real estate development and investment in Qatar, with a capital of approximately QR 3.89 billion.
