Sukna Capital has partnered with global private credit firm Partners for Growth (PFG) to launch a $50 million financing initiative. The collaboration will support technology companies and SMEs across Saudi Arabia and the wider Middle East.
The partnership blends Sukna’s local expertise with PFG’s two decades of global credit experience, delivering flexible, Sharia-compliant financing to growth-stage businesses.
Tailored Credit Solutions
The financing program will provide companies with access to:
- Working capital facilities
- Contract financing solutions
- Term loans aligned with business needs
- Custom structures for growth-stage technology and innovation-driven firms
By expanding Sukna’s Direct Financing Fund, the deal also enables multi-lender opportunities and broader access to institutional-quality credit.
Sukna Fund for Direct Financing (SFDF)
At the heart of this initiative is Sukna’s Direct Financing Fund (SFDF), the Kingdom’s first open-ended Sharia-compliant direct lending fund. It offers non-dilutive financing that helps founders preserve equity and align repayment structures with revenues or assets.
Key benefits include:
- Equity preservation for founders
- Greater liquidity compared to traditional credit
- Flexible repayment linked to business performance
- Structures designed for SMEs and high-growth ventures
This fund represents a major step in strengthening Saudi Arabia’s financing ecosystem, offering alternatives beyond conventional lending.
Leaders’ Perspectives
Sukhdev Hansra, Head of Asset Management at Sukna Capital:
“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.”
Andrew Kahn, Co-founder and CEO at PFG:
“Over the past five years, PFG has supported high-growth companies in the Middle East. This collaboration continues our mission of providing tailored financing that fuels growth while preserving equity and control.”
About Sukna Capital
- CMA-licensed investment firm based in Riyadh
- Offers venture capital, private equity, real estate, and direct financing
- Operates the Sukna Fund for Direct Financing (SFDF), the Kingdom’s first Sharia-compliant open-ended lending fund
About Partners for Growth (PFG)
- Global private credit firm with 20+ years of experience
- Specializes in tailored debt solutions for technology, fintech, healthcare, and tech-enabled firms
- Partnered with more than 250 companies in over 15 countries
This $50 million collaboration positions Sukna Capital and PFG as key enablers of SME and tech financing in the region, supporting both Saudi Arabia’s Vision 2030 goals and the wider MENA innovation ecosystem.