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Quara Finance is licensed by the Saudi Central Bank. This regulatory approval ensures that they operate within the legal framework and adhere to industry standards. The company was established in 2009 and was previously known as Maalem Financing. With a capital of SAR 300 million, they've been steadily growing and serving the financial needs of individuals and enterprises. Quara Finance Company is a closed joint stock Company registered in the Kingdom of Saudi Arabia under commercial registration number 1010262141, Unified national number 7001592562 issued in Riyadh on Safar 9, 1430H (corresponding to February 4, 2009). As per Saudi Central Bank ("SAMA") license number 45/TI/201605 dated 2 Sha'ban 1437H (corresponding to May 9, 2016), the Company is authorized to provide finance lease, consumer finance and small and medium enterprise finance in the Kingdom of Saudi Arabia.
Announced On | Period | As Of | Net Profit (SAR Mil) | Growth (%) |
---|---|---|---|---|
06/03/2025 | 12-Month | 31/12/2024 | 43 | 0 |
03/11/2024 | 9-Month | 30/09/2024 | 35 | 0 |
21/10/2024 | 6-Month | 30/06/2024 | 25 | 0 |
27/05/2024 | 3-Month | 31/03/2024 | 13 | 0 |
26/03/2024 | 12-Month | 31/12/2023 | 54 | 0 |