{"id":51478,"date":"2025-09-29T20:12:23","date_gmt":"2025-09-29T17:12:23","guid":{"rendered":"https:\/\/entarabi.com\/?p=51478"},"modified":"2025-09-29T20:16:41","modified_gmt":"2025-09-29T17:16:41","slug":"sukna-capital-and-bfg-form-50-million-partnership","status":"publish","type":"post","link":"https:\/\/entarabi.com\/en\/2025\/09\/sukna-capital-and-bfg-form-50-million-partnership\/","title":{"rendered":"Sukna Capital and BFG Form $50 Million Partnership"},"content":{"rendered":"<ul>\n<li dir=\"ltr\" style=\"text-align: left;\" data-start=\"287\" data-end=\"428\">$50 Million Deal: Sukna Capital partners with BFG to provide financing for startups and SMEs in Saudi Arabia and the wider Middle East.<\/li>\n<li dir=\"ltr\" style=\"text-align: left;\" data-start=\"287\" data-end=\"428\">Flexible Financing Solutions: Includes working capital, contract financing, and term loans, with Sharia-compliant options via Sukna\u2019s Direct Lending Fund.<\/li>\n<li dir=\"ltr\" style=\"text-align: left;\" data-start=\"592\" data-end=\"735\">\n<p style=\"text-align: left;\" data-start=\"594\" data-end=\"735\">Focus on Tech &amp; Innovation: Funding targets early and growth-stage companies, enabling entrepreneurs to scale without giving up equity.<\/p>\n<\/li>\n<\/ul>\n<p dir=\"ltr\" style=\"text-align: left;\" data-start=\"787\" data-end=\"1092\">Riyadh-based <strong data-start=\"800\" data-end=\"817\">Sukna Capital<\/strong> has announced a strategic partnership with <strong data-start=\"861\" data-end=\"868\">BFG<\/strong> valued at <strong data-start=\"879\" data-end=\"894\">$50 million<\/strong>. The initiative aims to support startups and small-to-medium enterprises (SMEs) in Saudi Arabia and across the Middle East through innovative financing solutions that foster growth and expansion.<\/p>\n<h2 dir=\"ltr\" style=\"text-align: left;\" data-start=\"1094\" data-end=\"1133\">Comprehensive Financing Facilities<\/h2>\n<p dir=\"ltr\" style=\"text-align: left;\" data-start=\"1134\" data-end=\"1202\">The agreement covers a wide range of financing options, including:<\/p>\n<ul dir=\"ltr\" style=\"text-align: left;\" data-start=\"1203\" data-end=\"1272\">\n<li data-start=\"1203\" data-end=\"1226\">\n<p data-start=\"1205\" data-end=\"1226\"><strong data-start=\"1205\" data-end=\"1224\">Working capital<\/strong><\/p>\n<\/li>\n<li data-start=\"1227\" data-end=\"1253\">\n<p data-start=\"1229\" data-end=\"1253\"><strong data-start=\"1229\" data-end=\"1251\">Contract financing<\/strong><\/p>\n<\/li>\n<li data-start=\"1254\" data-end=\"1272\">\n<p data-start=\"1256\" data-end=\"1272\"><strong data-start=\"1256\" data-end=\"1270\">Term loans<\/strong><\/p>\n<\/li>\n<\/ul>\n<p dir=\"ltr\" style=\"text-align: left;\" data-start=\"1274\" data-end=\"1548\">In addition, the partnership provides tailored solutions for businesses at both early and advanced growth stages, with a strong focus on <strong data-start=\"1411\" data-end=\"1448\">technology and innovation sectors<\/strong>. These facilities allow founders to secure liquidity <strong data-start=\"1502\" data-end=\"1545\">without diluting their ownership stakes<\/strong>.<\/p>\n<h2 dir=\"ltr\" style=\"text-align: left;\" data-start=\"1550\" data-end=\"1580\">Sukna Direct Lending Fund<\/h2>\n<p dir=\"ltr\" style=\"text-align: left;\" data-start=\"1581\" data-end=\"1909\">The collaboration also strengthens Sukna Capital\u2019s strategy through its <strong data-start=\"1653\" data-end=\"1676\">Direct Lending Fund<\/strong>, the first open-ended Sharia-compliant lending fund in Saudi Arabia.<br data-start=\"1745\" data-end=\"1748\" \/>The fund offers revenue-linked and asset-backed financing structures, enabling companies to access greater liquidity compared to traditional financing methods.<\/p>\n<h2 dir=\"ltr\" style=\"text-align: left;\" data-start=\"1911\" data-end=\"1937\">Leadership Statements<\/h2>\n<h3 dir=\"ltr\" style=\"text-align: left;\" data-start=\"1939\" data-end=\"1965\">Sukna Capital\u2019s View<\/h3>\n<p dir=\"ltr\" style=\"text-align: left;\" data-start=\"1966\" data-end=\"2037\"><strong data-start=\"1966\" data-end=\"2027\">Sukdev Hansra, Head of Asset Management at Sukna Capital,<\/strong> stated:<\/p>\n<blockquote dir=\"ltr\" data-start=\"2038\" data-end=\"2334\">\n<p data-start=\"2040\" data-end=\"2334\">\u201cThis partnership reflects our commitment to applying global standards within the local market. By working with BFG, we can provide entrepreneurs with flexible financing that matches their ambitions, empowering founders to scale without giving up equity and driving long-term value creation.\u201d<\/p>\n<\/blockquote>\n<h3 dir=\"ltr\" style=\"text-align: left;\" data-start=\"2336\" data-end=\"2352\">BFG\u2019s View<\/h3>\n<p dir=\"ltr\" style=\"text-align: left;\" data-start=\"2353\" data-end=\"2408\"><strong data-start=\"2353\" data-end=\"2395\">Andrew Kan, Co-Founder and CEO of BFG,<\/strong> commented:<\/p>\n<blockquote dir=\"ltr\" data-start=\"2409\" data-end=\"2682\">\n<p data-start=\"2411\" data-end=\"2682\">\u201cWe take pride in supporting fast-growing companies in the Middle East for over five years. Our focus is always on listening to founders, understanding their requirements, and structuring financing that ensures growth while preserving ownership and management control.\u201d<\/p>\n<\/blockquote>\n<h2 dir=\"ltr\" style=\"text-align: left;\" data-start=\"2684\" data-end=\"2717\">Why This Partnership Matters<\/h2>\n<p dir=\"ltr\" style=\"text-align: left;\" data-start=\"2718\" data-end=\"3021\">The $50 million Sukna\u2013BFG partnership provides a powerful financing platform that fills funding gaps for <strong data-start=\"2823\" data-end=\"2880\">startups and SMEs in Saudi Arabia and the Middle East<\/strong>. By offering flexible, Sharia-compliant financing, it empowers entrepreneurs to innovate and expand without sacrificing equity or control.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>$50 Million Deal: Sukna Capital partners with BFG to provide financing for startups and SMEs in Saudi Arabia and the wider Middle East. Flexible Financing Solutions: Includes working capital, contract financing, and term loans, with Sharia-compliant options via Sukna\u2019s Direct Lending Fund. Focus on Tech &amp; Innovation: Funding targets early and growth-stage companies, enabling entrepreneurs [&hellip;]<\/p>\n","protected":false},"author":37,"featured_media":51479,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"post_subtitle":"","footnotes":""},"categories":[8850],"tags":[9732,9043],"class_list":["post-51478","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-venture","tag-bfg","tag-sukna-capital"],"_links":{"self":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts\/51478","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/users\/37"}],"replies":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/comments?post=51478"}],"version-history":[{"count":0,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts\/51478\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/media\/51479"}],"wp:attachment":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/media?parent=51478"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/categories?post=51478"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/tags?post=51478"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}