The General Assembly of shareholders of Barwa Real Estate Company endorsed in its Extraordinary Meeting, held on Wednesday, 27 March 2019 under the chairmanship of Mr. Issa bin Mohammed Al Mohannadi, Vice Chairman and Managing Director, the draft amendment of the Articles of Association in accordance with the decision of the Board of Directors of the Qatar Financial Markets Authority issued on 16 December 2018. The Extraordinary General Assembly also agreed to authorize the Board of Directors to amend the Company's Articles of Association.
It is worth mentioning that Barwa Real Estate Company achieved a net profit on its shareholders during the year 2018 amounting to QR 1,915 million. At its Ordinary Meeting held on 20 March 2019, Barwa approved the distribution of a cash dividend of 25% per share.
