Barwa Real Estate Company Q.S.C. is pleased to announce that on 6 May 2014, it has entered into a share sale and purchase agreement in relation to the sale of the Barwa City project to Labregah Real Estate Company Q.S.C., a wholly-owned subsidiary of Qatari Diar Real Estate Investment Company Q.S.C., for a purchase price of approximately QAR 7.57 billion. Closing of the transaction is subject to customary conditions and the purchase price is subject to customary price adjustment. This transaction has been entered into pursuant to the Framework Agreement between Qatari Diar and Barwa which has been previously announced to the market.
