Sukna Capital, PFG Roll Out US$50 Million Fund To Fuel MENA Tech Growth

Riyadh-based investment firm Sukna Capital has joined forces with global credit manager Partners for Growth (PFG) to unlock up to US$50 million in specialty loans for high-growth tech companies and small and medium-sized enterprises (SMEs) across Saudi Arabia and the wider Middle East. 

The partnership brings Silicon Valley-style lending expertise to the region, offering working capital lines, term loans, and contract financing tailored for innovation-driven businesses. At its core is Sukna’s Fund for Direct Financing (SFDF)—the Kingdom’s first open-ended, Sharia-compliant lending vehicle—designed to deliver flexible, non-dilutive credit that helps founders preserve equity while scaling. 

“This partnership with PFG reflects Sukna Capital’s commitment to bringing global standards to local markets,” Sukhdev Hansra, Head of Asset Management at Sukna Capital, said in a statement. “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.” 

Andrew Kahn, co-founder and CEO at Partners for Growth (PFG), said, “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.”  

By aligning financing with revenues and asset values, the initiative aims to give ambitious companies the runway to grow sustainably, while reinforcing Saudi Arabia’s Vision 2030 push to diversify its economy and drive innovation across the MENA region.