Algeria 
Bahrain 
Egypt 
Iran 
Iraq 
Israel 
Jordan 
Kuwait 
Lebanon 
Libya 
Morocco 
Oman 
Palestine * 
Qatar 
Saudi Arabia 
Syria 
Tunisia 
United Arab Emirates 
Yemen Theory of Change: Impact objectives of the SANAD Fund for MSME
November 18, 2022
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The fund’s mission is to finance micro, small, and medium enterprises and low-income households in the Middle East, North Africa, and selected countries in sub-Saharan Africa via qualified local lenders. SANAD thereby fosters economic development and job creation – including youth employment, agriculture, affordable housing, and innovations in finance and financial technologies.
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