DOHA: Labregah Real Estate Company, a wholly owned subsidiary of Qatari Diar Real Estate Investment Company, was officially recognised by the International Financial Law Review (IFLR), as ‘Domestic M&A Deal of the Year’ during ninth annual IFLR Middle East Award ceremony held in Dubai recently, said a press statement yesterday.
The IFLR, a leading financial law publication which is part of Euromoney’s Legal Media Group, gave the honourable recognition for ‘Deal of the Year 2014’ to the ‘Sale of Barwa Real Estate Assets’.
Earlier this year, Labregah acquired the Barwa Commercial Avenue Co from Barwa Real Estate Company. The transaction was part of an ongoing agreement announced last year that will see Barwa sell assets to Qatari Diar over the next few years. The deal is one of the largest-ever M&A transactions in Qatar.
Abdullah Al Mawlawi, Labregah Managing Director said, “We are delighted to have won IFLR’s domestic ‘Deal of the Year 2014’ award. This accolade is a tremendous honour as it represents the combined hard work of, Labregah, Qatari Diar, and Barwa, as well as White & Case and Al Ansari Law.”
The Peninsula
