Quara Finance Co. Announces Obtaining a Tawarruq Financing

Element List	Explanation
Introduction	Quara Finance Company Announces the signing of an Increase & renewal of credit facilities agreement in compliant with Islamic sharia with Aljazira Bank on Jul 19, 2026. The financing amount for the existing credit facilities of SAR 100 million was increased by SAR 50 million to bring the total value of the facilities to SAR 150 million. The security provided for the financing under the promissory note has also been amended to SAR 165 million, with all other terms and conditions remaining the same.
Date of obtaining the funding	2026-07-19 Corresponding to 1448-02-05
Financing entity	Bank Aljazira
Financing amount.	SAR 150 Million
Financing duration.	5 Years
Guarantees offered for the financing	A Promissory note Assignment of receivables and Guarantee from the owners
Financing objective	The purpose of this facility is to expand and increase the sales volume in line with the company's strategy and future plans.
Related Parties	N/A
Additional Information	The Company confirms that the facility agreement is a continuous transaction that is carried out in the normal course of business and is in accordance with prevailing commercial conditions and without any preferential terms.