Sukna Capital Partners With PFG on $50 Million SME Lending Fund

Sukna Capital and Partners for Growth (PFG) have launched a $50 million financing partnership designed to empower technology firms and small-to-medium enterprises in Saudi Arabia and the broader Middle East. The initiative will provide working capital, contract financing, term loans, and customised credit facilities aimed particularly at growth-stage businesses in innovation and tech sectors. This collaboration expands Sukna’s Direct Financing Fund (SFDF), which offers non-dilutive, Sharia-compliant financing so founders can preserve equity while gaining access to credit aligned with revenues or assets. Sukna Capital, licensed by the Capital Market Authority in Riyadh, offers venture capital, private equity, real estate, and direct financing. The SFDF is considered the Kingdom’s first open-ended direct lending fund. PFG brings over 20 years of private credit experience, having financed over 250 companies in more than 15 countries. The firm specialises in tailored debt solutions for technology, fintech, healthcare, and other tech-enabled sectors. Through this partnership, more Middle Eastern tech and SME firms will gain access to institutional-quality credit that supports expansion without requiring equity dilution. The aim is to fuel growth while reinforcing local entrepreneurship and innovation in the region.