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Lite closes a USD 3.2 mn pre-seed round + Leajlak, Ebra, Vastmenu, Spoilz raise funds
The raised funds will go towards meeting the financial requirements of the necessary licenses from Sama
Merak Capital launches SAR 306 mn gaming fund + accelerator program
The first batch of the accelerator program will induct 15-20 early-stage startups
UMX Studio secures USD 4.5 mn from Accel-backed Jetapult
Jetapult will also help UMX Studio develop its products and tap new markets
PIF sells down Nintendo stake
PIF remains one of Nintendo’s largest shareholders
Non-oil private sector activity grows again
PLUS: PIF wants to go deeper in Japan’s gaming sector
Fresh Saudi-US real estate agreements
Dhamanat inks two separate agreements with US firms BlackRock and Apollo
Saudi Electricity Company obtains a USD 4 bn syndicated loan
Naba Al Saha Medical Services obtained a SAR 250 mn from Riyad Bank
Saudi set to host world’s first Olympic Esports Games in 2025
The partnership with the International Olympic Committee will last 12 years
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