{"id":19434,"date":"2021-01-31T18:14:00","date_gmt":"2021-01-31T15:14:00","guid":{"rendered":"https:\/\/saudishopper.com.sa\/en\/?p=19434"},"modified":"2026-03-27T20:21:45","modified_gmt":"2026-03-27T17:21:45","slug":"arabian-centres-and-quara-finance-launch-partnership-to-support-smes-in-saudi","status":"publish","type":"post","link":"https:\/\/saudishopper.com.sa\/en\/arabian-centres-and-quara-finance-launch-partnership-to-support-smes-in-saudi\/","title":{"rendered":"Arabian Centres and Quara Finance launch partnership to support SME\u2019s in Saudi"},"content":{"rendered":"\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link\" href=\"https:\/\/saudishopper.com.sa\/ar\/?p=36053\" target=\"_blank\" rel=\"noreferrer noopener\">\u0639\u0631\u0628\u064a<\/a><\/div>\n<\/div>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\"><em>More than 500 SMEs projected to benefit from the deal<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>RIYADH, January 31 2021<\/strong>\u00a0Arabian Centers Company (ACC), the leading owner and operator of lifestyle destinations in Saudi Arabia, and Quara Finance, a leading Saudi company providing Shariah-compliant financial services,\u00a0have announced, today, a new partnership to finance entrepreneurs\u2019 businesses in ACC shopping centers.\u00a0<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The joint agreement was signed in Arabian Centers Company\u2019s CEO, Faisal bin Abdullah Al-Jadaie\u00a0and Quara Finance\u2019s CEO, Ehab bin Mahmoud Hassouba. On this occasion, Al-Jadaie and Hassoubah emphasized the importance of innovating new channels to finance and support the entrepreneurship business by providing innovative financing solutions. They also affirmed the important role of this step in supporting the small and medium enterprises (SMEs) to improve their capital management efficiency, enhance their competitiveness, and meet customer needs in the long term.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2021\/01\/\u062d\u0641\u0644-\u062a\u0648\u0642\u064a\u0639-\u0627\u0644\u0627\u062a\u0641\u0627\u0642\u064a\u0629-The-Signing-Ceremoney-01-copy.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"625\" src=\"https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2021\/01\/\u062d\u0641\u0644-\u062a\u0648\u0642\u064a\u0639-\u0627\u0644\u0627\u062a\u0641\u0627\u0642\u064a\u0629-The-Signing-Ceremoney-01-copy-1024x625.jpg\" alt=\"\u062d\u0641\u0644 \u062a\u0648\u0642\u064a\u0639 \u0627\u0644\u0627\u062a\u0641\u0627\u0642\u064a\u0629 - The Signing Ceremoney 01 copy\" class=\"wp-image-19436\" srcset=\"https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2021\/01\/\u062d\u0641\u0644-\u062a\u0648\u0642\u064a\u0639-\u0627\u0644\u0627\u062a\u0641\u0627\u0642\u064a\u0629-The-Signing-Ceremoney-01-copy-1024x625.jpg 1024w, https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2021\/01\/\u062d\u0641\u0644-\u062a\u0648\u0642\u064a\u0639-\u0627\u0644\u0627\u062a\u0641\u0627\u0642\u064a\u0629-The-Signing-Ceremoney-01-copy-300x183.jpg 300w, https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2021\/01\/\u062d\u0641\u0644-\u062a\u0648\u0642\u064a\u0639-\u0627\u0644\u0627\u062a\u0641\u0627\u0642\u064a\u0629-The-Signing-Ceremoney-01-copy-768x469.jpg 768w, https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2021\/01\/\u062d\u0641\u0644-\u062a\u0648\u0642\u064a\u0639-\u0627\u0644\u0627\u062a\u0641\u0627\u0642\u064a\u0629-The-Signing-Ceremoney-01-copy-1080x660.jpg 1080w, https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2021\/01\/\u062d\u0641\u0644-\u062a\u0648\u0642\u064a\u0639-\u0627\u0644\u0627\u062a\u0641\u0627\u0642\u064a\u0629-The-Signing-Ceremoney-01-copy.jpg 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/a><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Quara Finance designed the agreement to provide several benefits that are consistent with entrepreneurship businesses\u2019 requirements, especially in the most attractive shopping centers for both visitors and shoppers, which is a characteristic of ACC\u2019s portfolio of the leading shopping centers in the Kingdom.\u00a0\u00a0<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Arabian Centers Company\u2019s CEO Faisal bin Abdullah Al-Jedaie praised Quara Finance\u2019s long experience developing this flexible agreement, which seeks to support the SME sector. He also welcomed the opportunity to join with Quara Finance and offer a range of support regarding rent and leasing costs for small Saudi businesses. It also provides the necessary liquidity and supports the operational costs of SMEs projects<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cThis step targets 500 SMEs located in 21 ACC malls in the Kingdom, and this agreement aims to improve the financial position of the Arabian Centers Company and to increase the occupancy rates in its shopping centers as well, which will make them more attractive to all categories of its tenants alike. Also, as the leading company, ACC is responsible for enabling the Kingdom\u2019s SME sector to meet the aspirations of the Saudi Vision 2030 and support the national economy,\u201d he noted.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Quara Finance\u2019s CEO Ehab Hassoubah also welcomed this partnership with Arabian Centers, which represents an important step in supporting the SME sector. He said, \u201cStart-up businesses are an important part of the Saudi national economy and economic cycle, and we need to provide them with effective and sustainable incentives to ensure their continued success.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Quara Finance aims to\u00a0raise financial technology solutions to enhance its leadership in the digital growth field in alignment with its new identity. Its strategy focuses on raising the quality of its services and products, adopting financial technology solutions, and keeping up with the Kingdom\u2019s financing sector&#8217;s rapid changes.\u00a0<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Arabian Centres is working continuously on inaugurating new lifestyle destinations in all Saudi regions, such as the expansion project of its leading shopping center in Riyadh, i.e., \u201cAl-Nakheel Mall,\u201d and the \u201cU Walk\u201d center in Riyadh, which is an open-air center that has been developed based on a new concept in the Saudi market. Both destinations include classy international and local restaurants and cafes, well-known fashion stores, and entertainment areas, such as cinemas, bowling, sports clubs, and beauty centers.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>More than 500 SMEs projected to benefit from the deal RIYADH, January 31 2021\u00a0Arabian Centers Company (ACC), the leading owner and operator of lifestyle destinations in Saudi Arabia, and Quara Finance, a leading Saudi company providing Shariah-compliant financial services,\u00a0have announced, today, a new partnership to finance entrepreneurs\u2019 businesses in ACC shopping centers.\u00a0 The joint agreement [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":19435,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_yoast_wpseo_meta-robots-noindex":"","_et_pb_use_builder":"off","_et_pb_old_content":"","_et_gb_content_width":"","_pr_autopilot_social_copy":"","_yoast_wpseo_opengraph_title":"","_yoast_wpseo_opengraph_description":"","_yoast_wpseo_opengraph_image":"","_yoast_wpseo_opengraph_image_id":0,"_yoast_wpseo_twitter_title":"","_yoast_wpseo_twitter_description":"","_yoast_wpseo_twitter_image":"","_yoast_wpseo_twitter_image_id":0,"_yoast_wpseo_primary_category":24,"_extra_hide_author_box":"","_extra_featured_post":"0","_partner_post_id":0,"footnotes":""},"categories":[24],"tags":[],"class_list":["post-19434","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","et-has-post-format-content","et_post_format-et-post-format-standard"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.7 - 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