Under this partnership, Quara Finance Company makes its financing services and solutions available to users of the “Mobily Pay” platform in the Kingdom of Saudi Arabia, in compliance with the regulations and instructions issued by the Saudi Central Bank (SAMA) and the provisions of Islamic Shariah.

This launch aims to provide innovative financing solutions offered by Quara Finance Company through an integrated digital infrastructure, enabling “Mobily Pay” users to directly access a range of financing products designed to meet their diverse needs, while enhancing the flexibility, ease, and speed of financing procedures.

This initiative reflects Quara Finance Company’s ongoing commitment to developing modern financial solutions that contribute to the growth of the financial services sector, while enhancing the integration of financing services with leading digital platforms, in line with the objectives of the Financial Sector Development Program and Saudi Vision 2030.

The Company also confirms that no related parties are involved in this agreement. The financial impact of the partnership is expected to be reflected in the Company’s financial results based on the volume of financing transactions executed through the platform following the official launch. The financial impact cannot currently be quantified, as it depends on actual demand for the financing products.