Posted on April 07, 2011

Barwa Real Estate announced today, based on Barwa Ordinary and Extra-ordinary General Assembly held yesterday, that its ex-Board of Directors has approved the distribution of 10% cash dividend per share (QAR 1 per share), totaling QAR 389.1 millions, for 2010.

Keen to meet Barwa Shareholders’ expectations, the ex-Board of Directors has approved the cash dividends and withdrew its recommendation to reinvest 100% of 2010 profits.  Barwa clarified also that shareholders eligible to receive cash dividends are those holding Barwa shares as at the end of trading session on Monday 04 April 2011.

The distribution shall be through issuing dividend cheques that will be served via registered post to the official mailing address of the shareholder as registered with Qatar Exchange.