Quara Finance launches digital Mobily Pay platform

QUARA
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Riyadh — Mubasher: Quara Finance Company has officially launched its financing services via the Mobily Pay platform on 8 October 2026.

The rollout follows the completion of necessary regulatory approvals and the conclusion of a pilot phase that originally commenced on 22 September 2026.

Under the partnership agreement with Etihad Fintech Company (Mobily Pay), Quara Finance will provide integrated digital financing solutions directly to platform users within Saudi Arabia.

The initiative aims to enhance the speed and flexibility of financial procedures through a fully digital infrastructure, aligning with the Financial Sector Development Program and Saudi Vision 2030.

All products offered through the platform are designed to comply with Saudi Central Bank regulations and Islamic Sharia principles.

The company stated that there are no related parties involved in this agreement.

While the financial impact is expected to be positive, Quara Finance noted that the exact contribution to financial results cannot be determined at this stage, as it remains dependent on the actual volume of financing operations and consumer demand generated through the platform following the official launch.

Abdulaziz bin Rasheed Al Taleb was recently appointed as the company’s CEO after receiving a non-objection letter from the Saudi Central Bank (SAMA).

Source: Mubasher Source: {{details.article.source}}