Riyadh, Saudi Arabia – September 29, 2025 :
«Sukna Capital» and «Partners for Growth (PFG)» signed a $50 million partnership to fund technology companies and SMEs in Saudi Arabia and the Middle East. This collaboration combines local market knowledge with global credit expertise to provide flexible, Sharia-compliant financing.
Tailored Credit Solutions
The partnership offers working capital, contract financing, and term loans. It also provides custom facilities designed to support growth-stage businesses, especially in innovation and technology. By expanding Sukna’s Direct Financing Fund, the deal creates access to multi-lender opportunities.
Sukna Fund for Direct Financing (SFDF)
Through the Sukna Fund for Direct Financing (SFDF), Sukna Capital delivers non-dilutive, Sharia-compliant financing. The SFDF is the Kingdom’s first open-ended fund of its kind. It allows founders to preserve equity, align financing with revenues or assets, and access greater liquidity than traditional credit structures.
Leaders’ Perspectives
Sukna Capital’s View
Sukhdev Hansra, Head of Asset Management at Sukna Capital, said:
“This partnership with PFG reflects Sukna’s commitment to bringing global standards to local markets. Together, we are enabling entrepreneurs to secure financing aligned with their growth ambitions. For Saudi Arabia and the MENA region, this means more access to institutional-quality credit without giving up equity.”
PFG’s View
Andrew Kahn, Co-founder and CEO at PFG, added:
“Over the past five years, PFG has supported high-growth companies in the Middle East. We always listen to founders, then design tailored financing to fuel growth while preserving equity and control. This collaboration continues that mission.”
About Sukna Capital
«Sukna Capital» is a CMA-licensed investment firm based in Riyadh. It offers venture capital, private equity, real estate, and direct financing. Its Sukna Fund for Direct Financing (SFDF) is the Kingdom’s first Sharia-compliant open-ended direct lending fund, providing flexible, non-dilutive financing to SMEs and growth-stage businesses.
🔗 Visit Sukna Capital
About Partners for Growth (PFG)
«Partners for Growth (PFG)» is a global private credit firm with over 20 years of experience. It provides tailored debt solutions for technology, fintech, healthcare, and tech-enabled companies. Since inception, PFG has partnered with more than 250 companies in over 15 countries.
🔗 Visit PFG
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