Alkhabeer Capital, an asset manager specialising in financial services and brokerage services, has signed an agreement with Fasanara Capital, a global asset manager, to introduce fintech-originated private credit to Saudi Arabia.
The strategic partnership agreement was announced at an event in Jeddah, where the theme was “fintech-originated private credit – the asset class and its potential in the Kingdom”.
Senior institutional investors, financial market stakeholders, and representatives from both firms attended the event to discuss the “potential” of fintech-originated private credit as “a new frontier” in the Saudi investment landscape.
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According to Alkhabeer Capital, the event featured insights into global trends in alternative credit markets, and showcased how fintech is reshaping private credit through “more efficient, scalable, and transparent investment models”.
“Our partnership with Fasanara Capital reflects a shared ambition to pioneer new asset classes that respond to the evolving needs of investors and align with the objectives of Vision 2030,” said Ahmed Saud Ghouth, chief executive of Alkhabeer Capital.
“The signing of this MoU is a key milestone in our joint mission to unlock fintech private credit opportunities in the Kingdom.”
Francesco Filia, founder and chief executive of Fasanara Capital, called the collaboration “a significant step” in the move to “a more inclusive and technologically advanced financial ecosystem”.
“By leveraging data-driven lending models and next-generation credit infrastructure, we aim to deliver scalable, transparent, and risk-conscious solutions that address the growing demand for alternative fixed-income strategies in the Kingdom,” added Filia.
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Jeddah-headquartered Alkhabeer Capital provides investment products and solutions in private equity, financial markets, and real estate investments, in addition to offering investment banking and brokerage services.
Earlier this year, Fasanara, which has assets under management of $5bn (£3.7bn) and specialises in technology-enabled credit solutions, provided Saudi debt crowdlending platform Forus with a $60m securitisation debt facility.
Forus intended to use the funding to help it scale into one of the biggest non-bank providers of debt financing to small- and medium-sized enterprises in Saudi Arabia.
