Riyadh – Sharikat Mubasher: Sukna Capital, a Riyadh-based alternative investment platform licensed by Saudi Arabia’s Capital Market Authority, teamed up with global credit manager Partners for Growth (PFG) to deploy up to $50 million in specialty loans to high-growth technology firms and SMEs across Saudi Arabia and the wider Middle East.

As per a recent press release, the collaboration will provide working capital lines, contract financing, and other tailored debt facilities aimed at innovation-driven businesses.

By integrating PFG’s international lending expertise with Sukna’s Sharia-compliant Sukna Fund for Direct Financing, the partnership seeks to offer non-dilutive funding that helps founders preserve equity while scaling operations.

Sukhdev Hansra, Sukna Capital’s Head of Asset Management, said the deal brings “global standards to local markets,” while Andrew Kahn, PFG Co-founder and CEO, highlighted the goal of accelerating growth through flexible, equity-preserving debt solutions.