Saudi based Quara Holding launches new strategy including Blockchain

Saudi based Quara Holding launches new strategy including Blockchain

Quara Holding, a Saudi-based investment entity operating for over 25 years and present in 11 countries, and holding entity for Quara Blockchain Ventures unveiled its new identity and business strategy .  The new strategy represents a new phase in Saudi business and aims to achieve digital integration between its subsidiary companies in the financial, real estate, and technology sectors. Quara Holding leverages its advanced digital capabilities, enabling better synergies across its various businesses, improving operations, and providing better products and services to customers. Quara Holding includes a digital business incubator for high-potential projects, targeting Saudi Arabia and the wider GCC region.

El Chaar also emphasized Quara Holding's ability to lead its companies towards financial innovation. "Based on our new business model, we are looking forward to achieving significant growth and enhancing the sustainability of our subsidiaries' competitiveness. We will continue on our path to digital transformation and will be introducing additional financial innovation including Blockchain and FinTech, both cutting-edge services which will play a vital role across multiple business sectors over the next decade," he noted.

Quara Holding will enable its investments and subsidiaries to increase their market share, enhance their competitiveness and their ability to benefit from global and regional business opportunities, to raise their growth and profitability, especially in the post-COVID pandemic era.

Currently Quara Holding's investments and subsidiary businesses include Dar Al-Arkan Real Estate Development Company publicly listed in Saudi Arabia; Dar Al-Arkan Properties; financial services companies Al Khair Capital, Saudi Home Loans, Bahrain Financing Company (BFC), and Maalem Financing;  Independent Logistics Company; Taj Lifestyle Center; T'azur insurance Company; Dar Al Arkan Online; Quara Pay; and Quara Blockchain ventures.

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