• Saudi Arabia-based Sukna Capital has partnered with Partners for Growth (PFG) to launch a $50 million specialty lending initiative targeting high-growth tech companies and SMEs across Saudi Arabia and MENA.
• Founded as the Kingdom’s first open-ended direct lending fund, Sukna’s SFDF will offer Sharia-compliant, non-dilutive solutions — including working capital lines, term loans, and contract financing — helping founders preserve equity while accessing institutional-quality credit.
• The partnership aims to accelerate innovation and support Vision 2030 goals by enabling businesses to align financing with revenues and assets, scaling sustainably across the region.

Press release:

Sukna Capital, a Riyadh-based alternative investment platform licensed by the Capital Market Authority (CMA), and Partners for Growth (PFG), a global credit manager providing tailored, asset-backed lending solutions to high-growth technology companies, have signed a strategic partnership to deploy up to $50 million of specialty loans for high-potential technology companies and small and medium-sized enterprises (SMEs) across Saudi Arabia and the broader Middle East.

The partnership will offer working capital lines, contract financing, term loans, and other customized facilities designed to meet the financing needs of growth-stage businesses, particularly in the innovation and technology sectors. By introducing multi-lender opportunities to Sukna’s existing direct lending platform, the collaboration brings international expertise to the region while reinforcing Sukna’s strategy of delivering flexible, Sharia-compliant credit through its Sukna Fund for Direct Financing (SFDF). The SFDF remains the Kingdom’s first open-ended fund of its kind, providing non-dilutive solutions that enable founders to preserve equity, align financing with revenues or asset values, and access liquidity beyond what is typically available in conventional credit structures.

“This partnership with PFG reflects Sukna Capital’s commitment to bringing global standards to local markets,” said Sukhdev Hansra, Head of Asset Management at Sukna Capital. “Together, we are providing entrepreneurs with financing that is both flexible and aligned with their growth ambitions. For Saudi Arabia and the MENA region, it means more founders can access institutional-quality credit without giving up equity, accelerating innovation and value creation.”

“PFG has been proud to support high-growth companies in the Middle East over the past five years, partnering with entrepreneurs and investors to design tailored debt solutions that align with their strategies. Our approach has always been to listen first, then structure financing that accelerates growth while preserving equity and control,” said Andrew Kahn, Co-founder & CEO at Partners for Growth (PFG).