- Ruya Partners announces a $15 million private credit facility for TruKKer to back its growth in the Gulf region.
- The funding supports the freight and logistics sector across the Middle East and Africa.
Ruya Partners, a private credit investment firm specializing in the Gulf region, has provided a $15 million (equivalent to 55 million Saudi riyals) private credit facility to TruKKer Holding Limited, the leading freight and logistics technology platform operating in the Middle East, North Africa, and Central Asia.
Funding Details
This transaction marks the sixth investment by the firm’s flagship private credit fund, Ruya Private Capital I. The investment is intended to help TruKKer expand its regional operations, enhance its technological capabilities, and strengthen its position as a leading provider of digital freight solutions in the region.
Enabling Digital Transformation in Logistics
Founded in 2016, TruKKer operates a technology-enabled digital marketplace connecting over 60,000 transporters with approximately 1,200 enterprise customers across nine countries.
Its intelligent platform improves the efficiency and scheduling of overland freight through advanced digital solutions, streamlining complex processes and enabling seamless communication between carriers and customers within an integrated network.
TruKKer has developed proprietary technology that empowers thousands of truck owners and fleet managers to work efficiently with major manufacturers, traders, and contractors in the region, enhancing transparency and connectivity across supply chains.
Statements from Ruya Partners
Rachid Sadeki, Partner and Co-Head of Investments at Ruya Partners, commented:
“TruKKer embodies the spirit of innovation that is reshaping the logistics sector in our region”.
He said” The company has specialized in digitizing this traditionally fragmented sector, boosting efficiency and transparency in regional supply chains”.
He add:
” Our investment reflects Ruya’s commitment to financing companies with long-term strategic value, particularly those aligned with the national transformation priorities of Saudi Arabia and the UAE.”
Omar Al Yawer, Partner and Head of Capital Formation at Ruya Partners, added:
“TruKKer is a prime example of the technology-driven businesses Ruya seeks to support—companies that are transforming traditional industries and enhancing regional integration”.
He said:” This is our fund’s sixth investment overall and fifth supporting growth in Saudi Arabia, underscoring our commitment to the Kingdom’s vision for digital transformation in freight”.
He add:
“With over 90% of our fund now deployed, we are seeing strong momentum in financing promising businesses aligned with national transformation agendas.”
TruKKer Welcomes Strategic Partnership
Gaurav Biswas, Founder and CEO of TruKKer, welcomed Ruya Partners as a new investor, saying:
“We are pleased to secure the backing of a long-term strategic partner like Ruya Partners. This partnership expands our institutional investor base and reflects continued confidence in the resilience of our business model.”
He added:
“As our operations and services scale, this funding will further strengthen our capital structure and support our mission to digitize and optimize supply chains across diverse logistics sectors, addressing both simple and complex challenges in this vital industry.”
About Ruya Partners
Based in Abu Dhabi Global Market (ADGM), Ruya Partners is one of the region’s leading private credit investment firms.
The firm offers tailored financing solutions to private-sector companies in emerging markets, with a focus on flexible growth capital, expansion financing, capital expenditures, and balance sheet and shareholder optimization.
Ruya Partners is regulated by the Financial Services Regulatory Authority of ADGM and counts sovereign wealth funds, pension funds, and leading institutional investors among its backers.
The firm is committed to supporting economic transformation in the Gulf, particularly in line with Saudi Arabia’s Vision 2030 and the UAE’s “We the UAE 2031” agenda.
About TruKKer
TruKKer is the largest digital freight platform operating in the Middle East, North Africa, and Central Asia, with operations in nine countries including Saudi Arabia, the UAE, Oman, Bahrain, Jordan, Turkey, and Kazakhstan.
The platform connects over 60,000 transporters with more than 1,200 institutional clients across sectors such as FMCG, petrochemicals, metals, bulk goods, construction, and retail.
TruKKer’s digital solutions enable instant booking, price discovery, load optimization, contract and payment management, as well as transaction monitoring and process integration between stakeholders.
The company has also begun integrating AI tools at multiple stages of its logistics operations and accompanying financial services.
TruKKer’s investor base includes prominent Gulf institutions such as Investcorp, Mubadala Investment Company, ADQ, and STV, among others.
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