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Saudi Arabia cellular video games developer Lobah has raised $12 million from the Social Growth Financial institution (SDB).
The studio secured the funding at Leap 2025 in Riyadh. The SDB stated that the funding is a part of its efforts to help the video games and esports sector underneath Saudi Arabia’s Nationwide Gaming and Esports Technique.
Lobah was established by co-founder and CEO Eisa Atawi, who was beforehand the founder and CEO of MAU Video games. In January, the corporate launched Lobah Play, a platform for sport publishing, networking, and monetisation.
The developer has already launched a number of titles and is engaged on new initiatives together with trivia sport Kingdom of Letters, board sport Jackaroo and a PvP battle royale title set within the Arabian peninsula named Faza.
Supporting cellular studios
Saudi Arabia continues to be a hub for funding within the video games trade. Final month, the SDB elevated its funding for esports and sport growth to SAR 458m ($122m), a 53% rise from SAR 300m ($80m).
It’s managed in partnership with the Saudi Esports Federation (SEF) underneath the Nationwide Growth Fund (NDF), which has supported over 30 shoppers, together with esports golf equipment, sport builders and publishers.
In the identical month, cellular studio Spoilz secured a strategic funding to help new IP growth, partnerships, native expertise coaching, and monetisation.
The funding can also be a part of the NDF initiative to drive innovation in Saudi Arabia’s video games trade in collaboration with the SDB and the SEF.
Be taught extra in regards to the MENA area on the Dubai GameExpo Summit powered by Pocket Gamer Connects on Could seventh to eighth.
