Saudi fintech firm Quara Finance reported a net profit of SAR 30.2 million for the first nine months of 2026, more than double its result in the same period a year earlier. The company is a Saudi joint-stock business licensed by the Saudi Central Bank under license No. 45/Ash/201605.
Quara Finance offers personal financing digitally through its own application, allowing customers to apply for and manage financing without visiting a branch. Its product range includes cash loans, invoice financing, and online checkout financing aimed at individuals and businesses.
personal financing can reach up to SAR 50,000, subject to eligibility and approval, with repayment periods extending up to 60 months. Administration fees on personal loans are set at 1% of the financing amount.
Why it matters
The strong jump in profit reflects the continued growth of digital lenders across the Kingdom, as more residents turn to app-based financing for everyday needs. For consumers in Riyadh, Jeddah, and beyond, licensed fintech providers add another regulated option alongside traditional banks.
Approval, limits, and final terms depend on individual eligibility. Customers are encouraged to review the latest conditions directly within the official application before applying.
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