Riyadh, Saudi Arabia; 30 May 2022: Quara Finance, a leading Saudi company providing Sharia-compliant financial services, has appointed industry veteran Faisal Abdulrahman Al-Alshaikh as its Chief Executive Officer (CEO). Faisal has spent many years in the finance industry and joins Quara Finance at an important time in its history as it aims to its offering to become more adept with today’s financial requirements. Commenting on his appointment, Faisal said: “I love technology, I love innovation, and staying ahead of the curve. In my new role I will bring my expertise in finance and passion for integrating technology into the industry to shape a more innovative and forward-thinking company. Quara finance is already disrupting the market by introducing innovative digital lending solutions, and our team is well-positioned to continuously deliver on these objectives to the highest standards.” Quara Finance is part of the Saudi community and works to alleviate the financial pressures on its clients by offering products and services that can be easily integrated into their financial planning and decision-making process. Furthermore, the company enables each individual to reach their own financial goals and aspirations. Faisal was formerly the Head of Investment Banking at Mizuho Saudi Arabia, a subsidiary of Mizuho Bank, and provider of Investment Banking services for corporate and institutional clients in the Kingdom. He also worked at leading local financial institutions such as Al Rajhi Bank, Banque Saudi Fransi and the Saudi British Bank (Sabb). Faisal graduated from King Saud University with a B.S. in Finance. Quara Finance is a purpose-driven financial company that holds a significant responsibility to create an exceptional client experience to help create positive social and economic impact within the Kingdom, which comes as part of KSA Vision 2030 towards improving the quality of life. ENDS About Quara Finance: In May 2020, Quara Holding acquired Maalam Financing and gyrated it into Quara Finance, a future-forward company that caters to the financial needs of individuals and businesses of the digital age. Its portfolio of services includes innovative shariah-compliant financial products and solutions. Today, Quara Finance is one of the leading financial services company in the Kingdom, a first-of-its-kind that caters to individuals and SMEs alike.