Quara Finance Doubles Net Profit in Nine Months

Quara Finance Co. more than doubled its net profit in the nine months ending September 30, 2026, posting 30.2 million SAR compared to 14.9 million SAR in the same period a year earlier — a gain of 101.8%. Higher Murabaha income and sharply lower expected credit losses drove the improvement, with the latter being the single biggest contributor to profit growth.

Revenue rose a modest 5.1% to 208.4 million SAR, while operational profit for the nine months hit 37.1 million SAR, more than doubling from 18.4 million SAR, signaling strong underlying earnings leverage.

Brief written by urgent.news from The Saudi Standard's own syndicated text. Machine-written — may contain errors; check the original before relying on it.