Riyadh - Sharikat Mubasher: Quara Finance, a leading provider of financial services in Saudi Arabia, plans to list an 8.83% stake on the Parallel Market (Nomu), reducing the ownership percentage of existing shareholders to 91.17%, CEO Faisal Al Alshaikh unveiled.

This move aligns with the company’s goal to expand ownership and attract more investors, Al Alshaikh stated in an interview with Asharq Business KSA.

He further noted that this decision came as part of Quara’s strategy to achieve sustainable growth, expand its business, develop products, and reach more customers.

Quara Finance provides Sharia-compliant financial services and solutions that cater to the personal needs of individuals and small and medium-sized enterprises (SMEs).