• Sukna Capital and PFG partner to deploy USD 50M in specialty loans for Saudi and MENA tech SMEs.
• The partnership provides flexible, Sharia-compliant financing through Sukna’s SFDF, offering non-dilutive funding and preserving founders’ equity.
• Facilities include working capital lines, contract financing, and term loans to support growth-stage technology and innovation companies.

Sukna Capital

Riyadh-based Sukna Capital and US-based Partners for Growth (PFG) partnered to deploy up to USD 50 million of specialty loans for high-potential technology companies and SMEs across Saudi and the Middle East.

Sukna Capital is an alternative investment platform licensed by the Capital Market Authority (CMA), It offers venture capital, private equity, real estate, and direct financing solutions. Meanwhile, Partners for Growth (PFG) is a global private credit firm specializing in custom debt solutions for high-growth companies. 

“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,” said Sukhdev Hansra, Head of Asset Management at Sukna Capital. 

Financing 

The partnership will offer working capital lines, contract financing, term loans, and other customized facilities. This is designed to meet the financing needs of growth-stage businesses, particularly in the innovation and technology sectors. 

Additionally, the partnership adds multi-lender options to Sukna’s direct lending platform, bringing global expertise to the region. It also supports Sukna’s strategy of offering flexible, Sharia-compliant credit through the Sukna Fund for Direct Financing (SFDF).

The SFDF is an open-ended fund providing non-dilutive financing for founders to preserve equity. It allows funding aligned with revenues or asset values and offers liquidity beyond traditional credit structures.

Bottom line:The Sukna–PFG partnership expands debt financing options for tech SMEs in Saudi Arabia and the wider MENA region.