Issa bin Mohammed Al Mohannadi (centre), Vice-Chairman and Managing Director of Barwa Real Estate Company, and other board members at the company’s EGM, held in Doha, yesterday.
DOHA: Barwa Real Estate Company held its Extraordinary General Assembly meeting and approved all the agenda of the meeting including the draft amendment of the Articles of Association in accordance with the decision of the Board of Directors of the Qatar Financial Markets Authority.
The meeting, which was presided over by Issa bin Mohammed Al Mohannadi, Vice-Chairman and Managing Director of the real estate giant, also agreed to authorise the Board of Directors to amend the Company’s Articles of Association.
Barwa Real Estate Company achieved a net profit on its shareholders during the year 2018 amounting to QR1.91bn. At its Ordinary General Assembly, which was held on March 20, 2019, the shareholders approved the distribution of a cash dividend of 25 percent per share.
