Riyah - Mubasher: Quara Finance Company has signed Sharia-compliant credit facilities with SHL Finance Company, valued at SAR 100 million, according to a bourse filing.

The three-year facility, secured on 17 June 2025, is aimed at supporting the company’s strategy and future vision by expanding operations and increasing sales volume.

As guarantees for the financing, Quara Finance issued a promissory note for the full amount of the facility and assigned receivables covering 120% of the outstanding balance.

In the first quarter (Q1) of 2025, Quara Finance registered 31.94% lower net profits at SAR 8.55 million, compared to SAR 12.57 million in the same period a year earlier.

On the other hand, SHL Finance reported net profits worth SAR 14.08 million as of 31 March 2025, marking an annual surge of 205.28% from SAR 4.61 million.