BOTC, founded in 1994 by the Bin Omran Group, is one of Qatar's leading contracting companies (A-grade), specializing in road works and drainage related construction works and owns and operates Al Jazeera Asphalt, which produces hot mix asphalt and concrete used in pavements, roads, underpasses and even airfields.
We are very happy with the new shareholding structure and hope with this impetus the business of BOTC will grow exponentially for years to come," remarked Omran Al-Kuwari, the managing director of BOTC.
According to Alpen Capital Qatar and The First Investor, the transaction covered structuring, negotiating and purchasing a 50% stake from existing shareholders in BOTC
and concurrently selling the stake to a new investor, Hectar Real Estate Investment (Hectar).
During his career with BOTC
, Nagamura was assigned three times to posts in California and has many friends and acquaintances in the state.
People are changing their travel dates, while some are cancelling bookings," said an adviser at BOTC
The acquisition was completed on May 30, 2017, and the company merged BOTC
with its existing bank subsidiary, First Interstate Bank, on August 11, 2017.
In other group C match, Mowasalat picked up a 4-0 win over BOTC
Mr Seretse said the remaining parastatal organisations being the Competition Authority and BOTC
would get P29 252 260 and P19 792 310 respectively.