RIYADH: Startups and investors across the Middle East and North Africa announced a wave of new deals this week, spanning artificial intelligence, fintech, property tech, agricultural tech and venture funding, underscoring growing capital flows and innovation momentum.
Saudi Arabia-based Sukna Capital has partnered with Partners for Growth to launch a $50 million specialty lending initiative for high-growth tech companies and SMEs across Saudi Arabia and the wider MENA region.
The Sukna SFDF, the Kingdom’s first open-ended direct lending fund, will offer Shariah-compliant non-dilutive financing including working capital lines, term loans and contract financing.
The fund aims to help founders preserve equity while scaling, supporting Vision 2030 by expanding institutional-quality credit access.
Wa’ed Ventures portfolio company Rebellions secures $250m funding
