Saudi-listed Al Quara Finance secures $26mln credit facility
Summary
Saudi-listed Quara Finance secured a SAR 100 million credit facility from SHL Finance Co. The facility is Shariah compliant and runs for three years. Quara Finance said the funding will help increase sales volume and support its strategic objectives. The company also disclosed the related-party links between the two firms and the collateral provided for the loan.
Funding
Amount
$26.6M
Total raised
Date
June 17, 2025
Announcement date
Investors
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Lead investors
Company
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Funded company
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