The Arab Fund for Economic and Social Development's Badir Fund is investing in Shorooq's Nahda Fund II to enhance access to financing for SMEs in the Arab world, addressing vital economic growth and innovation needs.

Information on the Target

The Nahda Fund II, managed by Shorooq, is a Qualified Investor Fund registered with the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM). Shorooq is a prominent alternative investment manager in the MENA region, recognized for its innovative debt financing solutions dedicated to startup companies. The Nahda Fund II seeks to provide flexible funding options that support the growth of small and medium enterprises (SMEs) in a challenging financial landscape.

Shorooq's portfolio includes successful companies such as Abhi and The Box, showcasing the potential of structured financing approaches in promoting financial inclusivity and business expansion within the SME sector. As these businesses thrive, they contribute to job creation and economic growth, reflecting the overall objectives of Nahda Fund II.

Industry Overview in the Target’s Specific Country

The SME sector in the Arab world plays a vital role in driving economic development and job creation. However, many SMEs face substantial challenges in accessing