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Barwa signs $157.1m Islamic loan

Barwa signs $157.1m Islamic loan

DOHA: Qatar’s Barwa Real Estate has signed a $157.1 million sharia-compliant five-year loan, the developer said on Sunday.

Barwa said it would use the money to refinance an existing Islamic financial liability but did not provide further details.

The company on Thursday announced it had signed a $444.3 million sharia-compliant loan with Islamic bank Masraf Al Rayan