Saudi Spoilz Games closes $692,000 pre-Seed round

Spoilz Games, a top-rated Saudi mobile gaming publisher and studio, has raised SR2.6 million from angel investors.

The company will be able to continue developing and publishing high-quality games that provide memorable experiences for gamers around the world. It will also be able to sustain its expansion efforts worldwide.

Most of Mena’s youth population have grown up as digital natives, and gaming plays a huge role in their entertainment. The rapid growth of gaming and internet has been due to high penetration. In particular, Egypt, Saudi Arabia and the United Arab Emirates have seen significant changes in the last decade. Mena-3 is the acronym for Mena-3. There, games revenue reached $1.76 Billion in 2021.

Spoilz was founded in 2020 and has been focusing on this market ever since. With its limitless strength to think big and be imaginative, it has endeavoured to build partnerships with publishers and studios and invested in talent pool across the community to publish fun games for the world’s young and fast-growing population of gamers. This has earned the company an award in KAUST’s Game Jam for excellence in the narrative for its “Re-Train” game and allowed it to become the leading creator in the industry.

Spoilz Games CEO Musab Almalki commented: “Mena’s gaming industry is expected to grow rapidly in the next few months, creating a need for quality content to meet users’ expectations. This fund will enable us to grow and publish games that compete globally.”

Saudi Arabia’s games market accounted for the highest value among Arab Gulf countries in 2021, aptly positioning the kingdom as the gaming powerhouse of Arabic speaking nations in the Mena region.

 

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