Sukna Capital, a Riyadh-based alternative investment platform licensed by the Capital Market Authority (CMA), has announced a strategic partnership with Partners for Growth (PFG), a global credit manager specializing in tailored, asset-backed lending solutions for high-growth technology companies.
Through this collaboration, the partners will deploy up to $50 million in specialty loans to support high-potential tech companies and SMEs across Saudi Arabia and the wider Middle East and North Africa (MENA) region.
The initiative will provide a wide range of financing tools, including working capital lines, contract financing, term loans, and bespoke solutions tailored to meet the evolving needs of growth-stage companies — with a strong focus on innovation and technology sectors.
The program will be delivered through the Sukna Fund for Direct Financing (SFDF) — the Kingdom’s first open-ended direct lending fund — offering non-dilutive, Sharia-compliant financing solutions that allow founders to preserve equity, align financing with revenue or asset values, and unlock liquidity beyond 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,” said Andrew Kahn, Co-founder & CEO at Partners for Growth (PFG). “Our approach has always been to listen first, then structure financing that accelerates growth while preserving equity and control.”
