Riyadh, Saudi Arabia; September 26, 2021: Quara Finance, a leading Saudi company providing Sharia-compliant financial services, won two awards at the prestigious World Business Outlook Awards 2021 – "Best Personal and Retail Loan Provider" and "Best Loan Provider for SME" in Saudi Arabia.

Ehab Hassoubah, CEO, Quara Finance, said: "We are thrilled to receive these two awards, which recognise our efforts to improve and enhance our financial products and services to meet our clients’ current requirements. Quara Finance has revolutionised the financial solutions industry in Saudi Arabia by creating eight types of loan programmes, including three that cater to individual financing and five that are specifically tailored for businesses. Our loans offer the latest innovations in payment methods and coupled with a facilitated approvals process makes them extremely accessible.”

"We will continue to enhance our position as the leading Sharia-compliant financial services company in Saudi Arabia and a significant contributor to developing the financial sector in the Kingdom," he added.

Quara Finance provides its clients with a portfolio of innovative and convenient financial solutions. It is dedicated to serving Saudis, with a particular focus on growing the SME sector to help diversify the economy, stimulate job creation and support the strategic objectives of Vision 2030.

Quara Finance has partnerships with several leading institutions in Saudi Arabia across various industries to provide new and seamless financial products and solutions. Quara Finance has also recently been announced as the winner of the “Fastest Growing SME Finance Company” in Saudi Arabia at the 2021 Global Business Outlook (GBO) Awards earlier this year.

The World Business Outlook Awards have an eye for industry mastery, leadership talents, industry value or net worth, impeccable strategies for success, and potential on an international forum. The highly qualified editorial team goes through rigorous research and data findings. After careful review of nominations by the team, winners are announced on the integrity of their application and current accomplishments.

ENDS

About Quara Finance:

In May 2020, Quara Holding acquired Maalam Financing and gyrated it into Quara Finance, a future forward company that caters to the financial needs of individuals and businesses of the digital age. Its portfolio of services includes innovative shariah-compliant financial products and solutions. Today, Quara Finance is one of the leading financial services company in the Kingdom, a first-of-its-kind that caters to individuals and SMEs alike.