Barwa submits offer to buy shares of Alaqaria

Qatar-based developer, Barwa Real Estate Co, has said it has submitted its official offer to acquire Doha-based Qatar Real Estate Investment Co (Alaqaria). Shareholders of the two companies will be given the opportunity to vote on the proposed transaction when they hold separate meetings in Doha on March 30. Qatari Diar, the largest shareholder in both companies, would maintain a 45% share in the enlarged Barwa company through a contribution of land in the Lusail area, set to become an education and medical district.