Barwa Real Estate has announced the completion of the purchase of 10% shareholding of Nuzul Holdings Company Bahrain (BSC-Closed) from Al Imtiaz Investment Group (KSC), in a deal that amounted to the equivalent of QAR 16.8 million, raising Barwa's ownership in Nuzul Holding from 39% to 49% of the total issued and paid shares of Nuzul.
The main activities of Nuzul Holdings represent Real Estate investment, facility management, and rental collection. This transaction aims at improving the return for Barwa Shareholders.
It is worth mentioning that Barwa Real Estate owns 24.40% shareholding of Imtiaz Group.
