Quara Holding emerges as Saudi Arabia's most innovative technology-driven investment holding company

Quara Holding invests in digital innovation and integration across all its business sectors

  

RIYADH, Saudi Arabia/PRNewswire/ -- Quara Holding, a Saudi-based investment entity operating for over 25 years and present in 11 countries, unveiled today its new identity and business strategy. It represents a new phase in Saudi business and aims to achieve digital integration between its subsidiary companies in the financial, real estate, and technology sectors. Quara Holding leverages its advanced digital capabilities, enabling better synergies across its various businesses, improving operations, and providing better products and services to customers. Quara Holding includes a digital business incubator for high-potential projects, targeting Saudi Arabia and the wider GCC region.

Quara Holding represents a new generation of investment entities, which will integrate modern technology solutions across traditional sectors including real estate and financial services.

Welcoming the launch and emphasizing Quara Holding's strategic vision, Quara Holding's CEO Ziad El Chaar said, "Changes in business trends allow Quara to adopt a flexible strategy with technology at its core. By investing in digital for its investment holdings and in the operations of its subsidiary businesses, we will achieve superior growth, profitability, and better customer service."

El Chaar also emphasized Quara Holding's ability to lead its companies towards financial innovation. "Based on our new business model, we are looking forward to achieving significant growth and enhancing the sustainability of our subsidiaries' competitiveness. We will continue on our path to digital transformation and will be introducing additional financial innovation including Blockchain and FinTech, both cutting-edge services which will play a vital role across multiple business sectors over the next decade," he noted.

Quara Holding will enable its investments and subsidiaries to increase their market share, enhance their competitiveness and their ability to benefit from global and regional business opportunities, to raise their growth and profitability, especially in the post-COVID pandemic era.

Quara Holding's investments and subsidiary businesses include Dar Al-Arkan Real Estate Development Company publicly listed in Saudi Arabia; Dar Al-Arkan Properties; financial services companies Al Khair Capital, Saudi Home Loans, Bahrain Financing Company (BFC), and Maalem Financing;  Independent Logistics Company; Taj Lifestyle Center; T'azur insurance Company; Dar Al Arkan Online; Quara Pay; and Quara Blockchain ventures.

Please visit www.quaraholding.com 

Follow us on Twitter: @QuaraHolding 

Join the discussion on LinkedIn www.linkedin.com/company/quaraholding 

SOURCE Quara Holding 

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

© Press Release 2020

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