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673 Sukna Capital launches Saudi’s first open-ended direct lending fund to fill SME credit gap

MENAbytes
MB Staff @ MENAbytes 2 place · 07/14/2025 03:51 EDT

Sukna Capital launches Saudi’s first open-ended direct lending fund to fill SME credit gap

Saudi-based alternative investment platform Sukna Capital has secured regulatory approval to launch a first-of-its-kind open-ended direct financing fund targeting SMEs in the region. The Sukna Fund for Direct Financing (SFDF), now greenlit by Saudi Arabia’s Capital Market Authority (CMA), will allow institutional investors to deploy non-dilutive, sharia-compliant capital to small and mid-sized businesses. Unlike typical ...

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