Statement by the Chairman of the Board
- Operating revenues derived from leasing activities increased to QAR 1.482 billion, supported by average occupancy rates exceeding 90% across several of the Group's residential projects.
- The Group successfully reduced financing costs by 20% compared to the previous year and continued its strategy of divesting from non-income-generating assets.
- During 2025, the second phase of the Barwa Hills project and the Barwa Royal project were launched, while construction of the third phase of Madinat Mawater was completed.
- The execution of a Memorandum of Understanding (MoU) for the Madinatuna School project demonstrates the Group's strategic orientation toward investment in the educational real estate sector.
- For 2026, a strategic plan has been established, structured on three core pillars: boosting revenues, rationalizing costs, and strengthening the corporate brand.
Doha, 8 March 2026: Following the completion of the legally required quorum, representing (76.81%), Barwa Real Estate Group held the meeting of the Company's Ordinary General Assembly this evening.
His Excellency Mr. Abdullah bin Hamad bin Abdullah Al Attiyah, Chairman of the Board, members of the Board of Directors, the Group CEO, the external auditor, representatives from the Ministry of Commerce and Industry (Companies Control Department), and several of the Company's shareholders along with their duly authorized representatives attended the meeting, which was conducted via visual communication technology.
The Board of Directors' report on the company's operations and financial situation for the fiscal year that concluded on December 31, 2025, as well as the company's 2026 future plan, were approved by the shareholders during the Assembly's proceedings. Additionally, they endorsed the extension of the Sharia Supervisory Board's engagement with "Bait Al Mashura" to continue offering Sharia audit services to the company for the fiscal year 2026 and approved the Sharia Supervisory Board's report on the company's operations and activities for the year 2025.
Along with approving the external auditor's report on the financial statements for the fiscal year 2025, the Assembly also confirmed that the company complied with the Qatar Financial Markets Authority's rules regarding corporate governance and internal controls governing financial reporting for the year that concluded on December 31, 2025. In addition, the Company's general budget and the profit and loss account for the same financial year were also approved.
Furthermore, the Ordinary General Assembly approved the proposal of the Board of Directors to distribute cash dividends to shareholders at a rate of 18% of the nominal value of the share, equivalent to QAR 0.18 per share for the financial year ended 31 December 2025. The Assembly additionally discharged the Board members from liability, approved their remuneration, and endorsed the Company's corporate governance report.
Financial Performance and Sustainable Growth
His Excellency Mr. Abdullah bin Hamad bin Abdullah Al Attiyah, Chairman of the Board of Directors of Barwa Real Estate Group, presented the Board of Directors' report during the meeting, which included a comprehensive overview of the Company's activities, performance, and consolidated financial statements for 2025, in addition to its forward-looking plans for 2026.
"It gives me great pleasure to present to you the key highlights of the Group's performance and the principal achievements realized during the financial year 2025, which represented a significant milestone in our journey, coinciding with the twentieth anniversary of the establishment of Barwa Real Estate," said His Excellency.
"Throughout 2025, we continued to implement our strategic vision aimed at reinforcing sustainable growth and further consolidating Barwa's position as one of the largest real estate developers in the State of Qatar, in alignment with the Third National Development Strategy and Qatar National Vision 2030," he continued.
His Excellency went on to say that the Group's financial performance showed earnings per share of QAR 0.3188 and net profits attributable to the parent company's shareholders of QAR 1.243 billion. The Group's strong financial position and stable capital base were demonstrated by its total assets of QAR 37.5 billion and total equity of QAR 22.9 billion. He added that average occupancy rates exceeding 90% in a number of the Group's residential developments contributed to an increase in operating revenues from leasing activities to QAR 1.482 billion.
As part of optimizing its financial structure, His Excellency highlighted that the Group reduced financing costs by 20% year-on-year, thereby strengthening its ability to deliver enhanced returns to shareholders. He further noted that the Group continued divesting non-income-generating assets while undertaking strategic transactions that bolstered cash flows and overall value creation.
Promising Projects and a Diversified Portfolio
With respect to the Group's development projects, His Excellency stated that the second phase of the "Barwa Hills" project in Lusail City was launched in 2025. At the third Qatar Real Estate Forum, the Real Estate Regulatory Authority ("Aqarat") awarded the project the title of "Best Real Estate Investment of the Year 2025." He added that the "Barwa Royal" project was introduced in Lusail City's luxury residential segment, with the objective of offering units for sale.
His Excellency further stated that the showrooms and associated facilities were delivered to tenants, and the third phase of Madinat Mawater construction was also finished. In addition, a MoU was executed for the operation of the "Madinatuna School" project, reflecting the Group's strategic orientation toward diversification and investment within the educational real estate sector.
Institutional Performance and Digital Transformation
The Chairman of the Board confirmed that Barwa Real Estate Group has been strengthening its internal control systems, digital transformation initiatives, and governance framework at the institutional level. The Group also obtained a number of internationally recognized certifications in the fields of quality management, environmental management, and occupational health and safety.
"We firmly believe that people constitute the cornerstone of our success," His Excellency continued. "Accordingly, we remain committed to investing in our national human capital, enhancing training and professional development programs, and fostering a motivating work environment that supports innovation and excellence."
Strategic Plan for 2026
His Excellency explained that the Group's strategy for 2026 will focus on three principal pillars, namely: increasing revenues and maximizing investment returns; rationalizing expenditures and improving financial efficiency; and strengthening the corporate brand while further developing the institutional framework. The strategy also contemplates the examination of new expansion opportunities, particularly within the educational real estate sector and projects implemented under public-private partnership frameworks, as well as initiatives related to the Group's available land portfolio, in addition to off-plan sales projects in Lusail City.
"The achievements realized to date are the result of your continued trust and support, as well as the dedicated efforts of the executive management and all employees of the Group. We reaffirm our commitment to continue working with a strong sense of responsibility and discipline in order to further strengthen Barwa's position as an active national partner in the urban and economic development of the State of Qatar," His Excellency stated.
The wise leadership of the State, led by His Highness Sheikh Tamim bin Hamad Al Thani, the Amir of the State of Qatar - may God preserve him - was also thanked by His Excellency for their unwavering support. He further conveyed his thanks to all of the Company's shareholders, partners, and employees for their trust and contributions, praying that God Almighty may continue to bestow upon our beloved country the blessings of security and prosperity.
Election of the Board of Directors
- His Excellency Mr. Abdullah bin Hamad Al Attiyah (representing Qatari Diar Real Estate Investment Company)
- His Excellency Sheikh Hamad bin Talal Al Thani (representing Qatari Diar Real Estate Investment Company)
- His Excellency Mr. Ali Mohammed Al Ali (representing Qatari Diar Real Estate Investment Company)
- His Excellency Mr. Nasser Sultan N. Al-Hmaidi
- Dr. Abdulrahman Mohammed M. A. Al-Khayarin
- Mr. Issa Mohd. Al Mohannadi
- Mr. Abdulrahman Abdulla Al-Ansari
Following the announcement of the election results, the newly constituted Board of Directors convened its first meeting, during which His Excellency Mr. Abdullah bin Hamad bin Abdullah Al Attiyah was elected as Chairman of the Board of Directors of Barwa Real Estate Group, and His Excellency Mr. Nasser Sultan N. Al-Hmaidi was elected as Vice Chairman of the Board.
