Barwa Real Estate, Gazprombank announce closing of Russia fund

Barwa Real Estate Company QSC and Gazprombank OJSC announced yesterday the first closing of the Shariah compliant, Barwa Gazprombank Russia Real Estate Fund. The Fund represents the first collaboration between Barwa and Gazprombank and the two companies will seed the Fund with $75m capital each.
The First Investor QSCC (TFI), a wholly-owned subsidiary of Barwa Bank, will contribute $2m into the Fund.

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