Quara Finance Successfully Lists on Nomu – Expanding Saudi Digital Finance

Riyadh, KSA – 7 March 2024 – Quara Finance, a leading Saudi digital micro-lender providing Shariah-compliant financial services, has been successfully listed on Nomu – the Parallel Market at the Saudi Stock Exchange (Tadawul).

The listing ceremony was marked by the presence of top industry figures, including Mohammed Al-Rumaih, CEO of Saudi Exchange, and Abdullah Al Shilash, Chairman of Quara Finance. Al-Rumaih welcomed the move, saying it strengthens efforts to diversify investment channels and support fintech-driven SMEs.

Al Shilash added:

“Listing on Nomu highlights our commitment to becoming Saudi Arabia’s premier digital micro-lending provider. This milestone opens doors for future expansion as we continue delivering fast, reliable, Shariah-compliant financial solutions to individuals and SMEs.”

Quara Finance floated 2.65 million shares, representing about 8.83% of its capital, fully subscribed by qualified investors at SAR 15 per share. Trading will happen under the symbol 9596, with ±30% daily and ±10% static price fluctuation caps.

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