$2.3 BTotal volume of subloans facilitated to MSMEs and households since fund's inception
Supporting SDG8Decent work & economic growth
A message from our Board Chair & Fund Advisor
2024 was marked by profound uncertainty and ongoing conflict, conditions that persist today. Yet, it is precisely in these periods of disruption that the strength of a long-term, impact-driven approach becomes most apparent.
For the SANAD Fund, these moments reinforce the urgency of our goal: to support local micro, small, and medium enterprises (MSMEs) across the Middle East, North Africa (MENA), and select countries in sub-Saharan Africa (SSA), and to help shape the resilient, inclusive economies of tomorrow.
Despite these challenges, our multi-faceted and adaptive strategy allowed us to deepen our impact on the ground. In 2024 SANAD yet again expanded its outreach to MSMEs with 108,900 active borrowers served through 44 partner institutions.
Key Investment Figures
$984 M
Cumulative volume invested in partner institutions
$384 M
Outstanding investment portfolio debt sub-fund
$37 M
Outstanding investment portfolio equity sub-funds
44
Active partner institutions
As of Dec 31, 2024
By taking a long-term view, the fund delivered impact in a troubled region, investing with patient capital, building institutional capacity, and fostering partnerships that sustain through cycles of adversity and recovery.
Dr. Daniela Beckmann, Board Chair (2024)
Key Impact Figures
Supporting SDG8Decent work & economic growth
Supporting SDG8Decent work & economic growth
Supporting SDG5Gender equality
Supporting SDG9Industry, Innovation & Infrastructure
Cumulative figures since fund's inception, as of Dec 31, 2024
* Figures are modeled by the SANAD Fund based on primary reporting and third-party data
Impact Stories
Our 2024 impact stories highlight the resilience of the SANAD Fund, our partners and investees. Our stories showcase our strong commitment to empowering MSMEs and female entrepreneurship across MENA and SSA—even in the face of environmental and social challenges.
Where We Invest
One thing remains certain, SANAD will continue to support local investees, MSMEs and entrepreneurs, investing in their potential, strengthening communities, and building a future where opportunities in their local markets can thrive even in the most challenging environments.
Iveta Tancheva-Nikolova, Fund Advisor
Advisory & Capacity Building Highlights
Our Advisory & Capacity Building teams continue to support MSMEs and the financial ecosystem at large in MENA and SSA, providing stability, and helping to protect and create jobs. Since the fund’s inception, approximately 48,000 people have benefited from our capacity-building efforts. In 2024, 75% of those we supported in MENA and SSA were women—reflecting our strong commitment to advancing career opportunities for women in these regions.
Featured Highlights
Technology
Launched 12 strategic initiatives across MENA & SSA to drive digital transformation for financial institutions and MSMEs
Agriculture
Pioneered the first project to digitalize agri-supply chains with a Moroccan agricultural exporter
Women Entrepreneurs
Developed a comprehensive regional acceleration program for female-led startups in MENA and SSA
Our Approach to Impact & Sustainability
In 2024, SANAD built on its long-standing focus on female empowerment and formulated its Gender Strategy. This reflects the fund’s steadfast commitment to women entrepreneurs as key drivers of economic development in the MENA and SSA regions. SANAD’s strategy focuses on strengthening internal gender equity practices among its investees, expanding access to finance and capacity building for women entrepreneurs, and fostering an enabling ecosystem for their success.
How We Manage Impact
We are deeply grateful to our public and private shareholders whose trust and continued support enable this work.
Sorry, in respect of the United States of America, Canada, Japan or Australia or any other jurisdiction in which the distribution, offer, sale, transfer or resale would be prohibited by applicable law, no investment in notes/shares or other instruments of the Fund (or its sub-fund(s)) can be offered or made.