GLOBAL: Amwal Capital Partners, an independent alternative investment firm with offices in Dubai and Riyadh, has announced the launch and first close of its Shariah compliant US$150 million ACP Shariah Financing Fund, to provide capital to SMEs across the Gulf region. It will focus on asset-backed financing, particularly on tech-enabled platforms.
The fund is targeting 12 to 15 direct lending transactions over a five-year period, primarily in Saudi Arabia and the UAE. Initial investments include two warehoused deals in the tourism and agricultural food trade sectors. Amwal Capital also reports an active pipeline across logistics, vehicle leasing and fintech for the fund, with expected maturities of three to four years.
