Quara Finance renews its financing service agreement with "Jarir bookstore"

Agreement renewed for the third consecutive year

  

Riyadh, Saudi Arabia: Quara Finance, a leading Saudi company providing Sharia-compliant financial services, has renewed its financing service agreement with Jarir bookstore for the third consecutive year. The partnership will continue to offer easy and convenient monthly installment plans for customer purchases in any branches of Jarir Bookstore across the Kingdom. 

Ehab Hassoubah, CEO, Quara Finance, said: "We are very proud to have Jarir Bookstore as a partner. Our relationship has grown from strength to strength and through our renewed agreement we will continue to provide seamless financing services with quick approvals to their valued customers. We look forward to growing our partnership with Jarir and provide additional innovative financial solutions."

"This partnership is an integral part of Quara Finance’s strategy to expand its financial and retail services locally to support the sustainable economic growth and development of Saudi Arabia," added Hassoubah.

Commenting on the agreement renewal, Nasser Al Aqeel, CEO, Jarir Bookstore, said: "Jarir Bookstore always strives to achieve the highest customer service standards through our financing services, and we look forward to further enhancing our services in partnership with Quara Finance."

Quare Finance provides flexible Sharia-compliant installment payment plans with a facilitated approvals process to Jarir Bookstore customers for up to 36 months and for up to SAR 30,000 worth of purchases with a competitive low-profit margin without any down payments.

-Ends- 

About Quara Finance:

In May 2020, Quara Holding acquired Maalam Financing and gyrated it into Quara Finance, a future forward company that caters to the financial needs of individuals and businesses of the digital age. Its portfolio of services includes innovative shariah-compliant financial products and solutions. Today, Quara Finance is one of the leading financial services company in the Kingdom, a first-of-its-kind that caters to individuals and SMEs alike.

For more information:
ASDA'A BCW
Mohammed AlMaskati | Iman Ahmed
mohammed.almaskati@bcw-global.com  | iman.ahmed@bcw-global.com
www.asdaa-bcw.com  | www.arabyouthsurvey.com 

Send us your press releases to pressrelease.zawya@refinitiv.com

© Press Release 2021

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.


More From Press Releases