Amwal Capital Partners, a leading Gulf-based asset manager, has rolled out a $150 million private credit fund aimed at supporting tech-enabled businesses in the region. This fund, which is fully Shariah-compliant, will focus on asset-backed financing and direct lending, with a clear strategy to fuel innovation and expansion across Saudi Arabia and the UAE.
The fund has already exceeded its initial closing target. It is drawing strong interest from top-tier institutional investors, according to Sharif Eid, Partner and Co-Head of Fixed Income at Amwal.
“The fund has attracted leading institutional investors from the region,” Eid said, highlighting the confidence regional players have in Amwal’s investment strategy and track record.
What the Fund Targets
The new fund will focus on providing non-dilutive capital to companies with tangible assets and scalable, tech-driven platforms. Over its five-year term, Amwal aims to execute between 12 to 15 deals. It plans to do so primarily in the Kingdom of Saudi Arabia and the United Arab Emirates, two of the Gulf’s fastest-growing and most tech-forward economies.
Key Focus Areas:
- Shariah-compliant asset-backed financing
- Direct lending to high-growth tech-enabled businesses
- Geographic focus: Primarily Saudi Arabia 🇸🇦 and the UAE 🇦🇪
- 12–15 strategic transactions over 5 years
This approach aligns with the rising demand for alternative financing models in the Gulf region. Especially for startups and scale-ups looking to grow without giving up equity.
About Amwal Capital Partners
Founded in 2016 and headquartered in Dubai, Amwal has steadily positioned itself as a prominent player in the region’s asset management space. The firm expanded to Riyadh in 2023, further embedding itself in one of the Middle East’s most dynamic financial markets.
Amwal serves a high-profile client base that includes:
- Sovereign wealth funds
- International institutional investors
- Multi-family offices
Their latest fund reflects Amwal’s ongoing commitment to alternative investment strategies that combine Shariah principles with innovative, impact-driven capital allocation.
Why This Matters
The launch of this fund is timely. As Gulf economies shift toward digitization and diversification, there’s growing demand for smart capital that supports long-term innovation, without compromising Islamic finance values.
This fund is not just about returns. It’s about:
- Empowering the next generation of tech leaders
- Offering non-equity capital that fuels sustainable business growth
- Enabling investors to access high-yield private credit opportunities in a compliant way
It also underscores a growing trend: private credit is becoming a key tool in the Middle East’s evolving financial ecosystem.
Final Word
With a robust pipeline and deep regional ties, Amwal’s new fund is set to play a crucial role in backing real-economy ventures that drive innovation, job creation, and sustainable development. It’s a strong signal that Shariah-compliant private credit is ready to scale—and thrive—in the digital age.