On July 20, 2026, Quara Finance Company announced the signing of an increase and renewal of Sharia-compliant Tawarruq credit facilities agreement with Bank Aljazira, executed on July 19, 2026. The existing credit facilities of SAR 100 million were increased by SAR 50 million, bringing the total facility value to SAR 150 million over a 5-year term, with the promissory note security amended to SAR 165 million. Guarantees include a promissory note, assignment of receivables, and owner guarantees. The facility aims to expand sales volume in line with the company's strategic growth plans and is conducted on normal commercial terms in the ordinary course of business.

Original announcement:

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