HP partners with Exel by Merak to drive talent development, industry collaboration, and innovation in Saudi Arabia’s gaming sector. This partnership integrates HP’s courses and learning programs into the Exel Gaming Accelerator to equip founders and developers with skills in game design, coding, and AI-powered game development. The National Development Fund oversees the support of […]
Sheba Joy, a Riyadh-headquartered mobile gaming studio, has raised $293,000 (SAR 1.1 million) in a pre-seed round led by Merak Capital, a Saudi venture capital firm. Founded in 2021 in Dubai Silicon Oasis, Sheba Joy has since relocated its headquarters to Riyadh in alignment with Saudi Arabia’s Vision 2030 to become a global gaming hub. […]
Riyadh – Zetta, a Saudi Arabia-based Device-as-a-Service (DaaS) company, has announced the successful closing of a $12 million investment round led by Core Vision Investment and Ab’ad Al-Watan Investment. Founded in 2023 by Faisal Al Abdulsalam, Tabreez Mohiuddin, Waleed Altheeb, and Saeeduddin Shah, Zetta offers businesses access to devices through a subscription model with flexible […]
Saudi fintech Blomal Capital has raised a pre-seed round investment round (amount undisclosed) from Falak Investment Hub. Founded in 2022 by Abdulaziz Baraqabah, Munthir Alrehaili, Abdulrahman Akram, and Bilal Abduljawad, Blomal is building a digital-first platform for public and private fund access. Falak Investment Hub has announced its investment in Blomal Capital, a Saudi-based fintech startup focused […]
Spoilz specializes in culturally relevant multiplatform games, and aims to transform Saudi Arabia into a global gaming powerhouse. The company has secured funding from a group of investors, including participation from Merak Capital, to accelerate game development, strengthen technical infrastructure, and expand LiveOps and B2B services tailored for the MENA region Merak Capital’s participation underscores […]
Riyadh, August 23, 2025 — Saudi venture capital firm Impact46 has announced its largest investment to date, committing more than SAR 200 million ($53 million) to Kammelna Studio, the Dammam-based developer behind the Kingdom’s most popular culturally rooted games, including Baloot and Jackaroo. Kammelna has emerged as a market leader in culturally inspired Saudi games, […]
Ajyad Capital, a leading Shari’ah-compliant investment firm established in Bahrain and licensed by the Central Bank of Bahrain since 2003, today announced a strategic partnership with Ratings Intelligence, a UK-based provider of Shari’ah advisory services. This collaboration will integrate advanced Shari’ah-compliance technology into Ajyad Capital’s upcoming fully digital trading application, made for investors throughout the […]
Source: Zawya New deal, which increases firm’s credit line, to help fund new ventures. Saudi Arabia’s Perfect Presentation for Commercial Services Co (2P) has increased its credit line with Arab National Bank. The listed firm signed a new financing deal with the lender, raising its facility to SAR 135 million ($35.9 million). The company said […]
Dubai, UAE — Ribh.AI has raised USD 3 million in growth capital with Ereele Capital and IronSharp Capital acting as lead sponsors in the fundraising. The capital supports the launch of the world’s first fine-tuned Large Language Model (LLM) trained fully on Sharia principles, built to transform Islamic Finance across all asset classes. Ribh.AI is […]
Starvania Studios creates fantasy-rich gaming experiences that explore bold, imaginative worlds, guided by depth, creativity, and a vision that extends beyond gameplay. Starvania Studios creates fantasy-rich gaming experiences that explore bold, imaginative worlds, guided by depth, creativity, and a vision that extends beyond gameplay. Their goal is to build unique, high-quality games that resonate with […]