{
  "id": 16878238,
  "title": "Quara Finance Doubles Net Profit in Nine Months",
  "url": "https://urgent.news/2026/10/28/quara-finance-doubles-net-profit-in-nine-months",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-28T09:11:26.000Z",
  "source": {
    "name": "The Saudi Standard",
    "slug": "the-saudi-standard",
    "url": "https://saudistandard.com/2026/10/28/quara-finance-doubles-net-profit-nine-months-2026/"
  },
  "original_language": "en",
  "account": null,
  "summary": "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.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}