Kuwara Finance Q2 profits rise sharply
Quara Financing Company achieved a significant increase in its profits in the second quarter of 2026, rising by 576.5% year-over-year. Its net profit reached 10.17 million SAR compared to 1.5 million SAR in the same period of the previous year, driven by higher Murabaha revenues, decreased expected credit losses, and improved quality of the financing portfolio. The company's profits also increased by 5.5% compared to the previous quarter, while its revenues grew by 4.2% to 70.53 million SAR. For the first half of 2026, the company's profits surged by 96.77%, reaching 19.8 million SAR, with revenues rising by 3.39% to 137.24 million SAR.
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