Partners for Growth and Sukna Capital Launch $50m Venture-Debt Initiative for MENA Tech
Partners for Growth teamed with Saudi Arabia's Sukna Capital on a $50m lending initiative to provide non-dilutive growth capital to technology companies across the MENA region.
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Partners for Growth, a global growth-lending specialist, said it had partnered with Saudi Arabia's Sukna Capital to launch a $50m initiative providing venture debt and other non-dilutive financing to MENA technology companies.
The tie-up aims to give regional startups an alternative to equity as they scale, adding to a growing pool of private-credit options for founders in Saudi Arabia and the wider region.