"Following receipt of the non-objection of the Qatar Financial Markets Authority on the transaction, Barwa Real Estate Company Q.S.C. is pleased to announce that on 18 June 2014, it has closed the sale of the entire share capital of Barwa City Real-Estate Company LLC to Labregah Real Estate Company Q.S.C., a wholly-owned subsidiary of Qatari Diar Real Estate Investment Company Q.S.C., pursuant to a share sale and purchase agreement entered into between Barwa Real Estate and Labregah on 6 May 2014 and disclosed to the Qatar Financial Markets Authority and the market on 7 May 2014, for a purchase price of approximately Qatari Riyal seven billion, five hundred seventy four million eight hundred ninety three thousand two hundred and seventy six (QAR 7,574,893,276) which will be subject to a 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."
