Quara Finance officially launches digital financing solutions for ‘noon’ users

Quara Finance Co. announced the official launch of its partnership with noon E-commerce Marketing Solutions Co. (noon) on Nov. 11, whereby Quara offers financing services to users of noon platforms in the Kingdom.

This follows the completion of a successful pilot phase, which began on Oct. 14.

In a Tadawul statement, the company said the agreement was signed with the aim of making Quara available as an approved financing option to “noon” users, in compliance with the regulations of the Saudi Central Bank and the provisions of Shariah.

The financial impact of the deal will be reflected based on the orders carried out by customers after the official launch, the statement added.

This partnership allows Quara to offer innovative financing solutions through an integrated digital infrastructure that leverages the latest financial technologies. Through this partnership, Quara Finance will enable “noon” users to access a range of tailored financing solutions designed to enhance convenience, flexibility, and addresses the customer needs.

The company further confirmed that there are no related parties involved in this agreement.