This ‘first-of-its-kind’ Fund was launched by VCBank in June 2006, to pursue superior risk adjusted return by investing in small and medium enterprises (SMEs) throughout the MENA region. The Fund was established to give investors the opportunity to be a part of the region’s economic development, while cultivating the rapidly expanding base of SMEs throughout the MENA region. The Fund aimed to provide direct funding solutions, and financial and administrative support, to promising, rapidly-growing enterprises with well-structured management and high potential for profitability. The Fund’s portfolio companies are JAFCCO, QCon, ITWorx and Challenger Limited. Due to the expiry of the Fund’s original terms, during 2020, the Fund applied to the regulatory authorities for a further two-year extension.

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Asset Class:
Private Equity
Multi Sector Fund
Project Status:
Earmarked for Exit
Project managers:
Mahmood Mohammed Zainal

Latest News from MENA SME Fund

Targeting Promising Small & Medium enterprises in the Kingdom of Bahrain

4th February 2008

Labour Fund and Venture Capital Bank launch growth engine.  Manama, Kingdom of Bahrain: The Labour Fund (LF) and Bahrain-based Venture Capital Bank has unveiled a new growth engine for small and medium enterprises in the ...

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Venture Capital Bank announces the first closing of its SME’s MENA Fund

27th December 2006

Bahrain-based Venture Capital Bank (VC Bank) is pleased to announce the first closing of its recently launched US$ 250 million MENA Small & Medium Enterprises Fund I L.P. (Fund), the first Shai'ah-compliant fund dedicated to small and medium ent ...

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US$ 250 million fund launched by Venture Capital Bank

6th June 2006

'First of Its Kind' Fund Dedicated to Small and Medium Enterprises in the Region Commences Subscriptions to Rave Investor Reviews  A substantial first-of-its-kind fund is being launched by Bahrain-based Venture Capital B ...

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