Arab Fund’s Badir backs Shorooq’s Nahda Fund II to boost SME growth

user icon
GHADA.ISMAIL
calender icon
Jun 2, 2025
article image

Dubai – Sharikat Mubasher: The Arab Fund for Economic and Social Development, through its SME financing arm Badir Fund, has made a strategic investment in Shorooq’s Nahda Fund II, a Qualified Investor Fund regulated by the FSRA ADGM.

According to a recent press release, this move aims to improve access to credit for technology startups and growing SMEs, addressing a critical financing gap in the Arab world.

Badir Fund supports small businesses by providing both funding and technical assistance to help them scale, create jobs, and drive private sector-led growth. Shorooq, a leading alternative investment manager in MENA, specializes in structured debt financing for startups, with Nahda Fund II continuing its mission to offer flexible financing options tailored to SME needs.

This partnership arrives as many SMEs face barriers to securing traditional bank loans due to stringent criteria. By combining Badir’s economic development focus with Shorooq’s financing expertise, the collaboration seeks to unlock growth opportunities for underserved SMEs.

Nathan Kwon, Partner at Shorooq, highlighted the partnership’s importance in empowering SMEs, while Essam AlQuorashy of Badir emphasized its role in fostering financial inclusion. Success stories like fintech firm Abhi and self-storage company The Box showcase the impact of such tailored financing in the region.


Share

Related News

Hong Kong-based Gaw Capital targets Saudi Arabia, UAE for investments
News
Calendar Icon
June 4, 2025
Hong Kong-based Gaw Capital targets Saudi Arabia, UAE for investments
readmore
Arab Fund’s Badir backs Shorooq’s Nahda Fund II to boost SME growth
News
Calendar Icon
June 2, 2025
Arab Fund’s Badir backs Shorooq’s Nahda Fund II to boost SME growth
readmore
Ruder Finn Atteline opens integrated RHQ in Saudi Arabia
News
Calendar Icon
May 27, 2025
Ruder Finn Atteline opens integrated RHQ in Saudi Arabia
readmore
BLOMINVEST celebrates launching 50th real estate fund in Saudi Arabia
News
Calendar Icon
May 27, 2025
BLOMINVEST celebrates launching 50th real estate fund in Saudi Arabia
readmore
LuLu AI invests in PayLater to expand fintech reach in Gulf
News
Calendar Icon
May 27, 2025
LuLu AI invests in PayLater to expand fintech reach in Gulf
readmore
AI project optimization firm Greyfly to expand into Saudi Arabia
News
Calendar Icon
May 25, 2025
AI project optimization firm Greyfly to expand into Saudi Arabia
readmore
Brookfield, Lunate launch $1bn residential joint venture
News
Calendar Icon
May 22, 2025
Brookfield, Lunate launch $1bn residential joint venture
readmore
US-based Elevate expands footprint in Saudi Arabia
News
Calendar Icon
May 22, 2025
US-based Elevate expands footprint in Saudi Arabia
readmore
FlyNow Aviation to launch eCopter services in Saudi Arabia by end-2025
News
Calendar Icon
May 21, 2025
FlyNow Aviation to launch eCopter services in Saudi Arabia by end-2025
readmore
Saudi’s PIF set to double European investments to $170bn
News
Calendar Icon
May 19, 2025
Saudi’s PIF set to double European investments to $170bn
readmore