Quara Finance named ‘Fastest Growing SME Finance Company’ by Global Business Outlook 2021


Riyadh, KSA: Quara Finance, the leading Saudi company providing Sharia-compliant financial services, has been recognised as the ‘Fastest-growing SME finance company in Saudi Arabia’ in the finance category at the 2021 Global Business Outlook (GBO) Awards.

Quara Finance’s CEO, Ehab bin Mahmoud Hassouba, said: “We are honoured by the recognition, which celebrates the support we have been extending to SMEs and passionate entrepreneurs. We are committed to contributing to the continued growth and success of the Kingdom and the Saudi people by serving as a key enabler of SMEs and entrepreneurs through the Saudi Central Bank’s programmes as well as by the Small and Medium Enterprises General Authority (Monshaat) and the government’s Kafalah programme. We support innovative and leading products that address the financing and growth needs of SMEs, thereby contributing more value to the economy and complementing the goals of Saudi Vision 2030.”

Quara Finance supports SMEs and entrepreneurs by providing innovative financing solutions that enhance their capital management efficiency and competitiveness, as well as meet their long-term needs. This supported by the government’s focus on developing the Kingdom’s financial technology services infrastructure and financing programme targets. 

The internationally acclaimed GBO awards rewards excellence in global business across multiple sectors, including innovation, achievements, and strategies within the international business community, covering banking, finance, insurance, brokerage, technology, and leadership.  Companies are awarded for demonstrating advanced levels of creativity and innovation and their contribution to value creation at a local, regional, and international level.