Riyadh - Sharikat Mubasher: Fahy Studios, a Saudi-based game development studio, successfully secured an investment of $1.75 million from Impact46 and Merak Capital to shape the future of mobile gaming in Saudi Arabia.

This strategic investment underscores the studio’s potential and reflects its commitment to contributing to the Kingdom’s expanding gaming ecosystem, Fahy announced in a statement yesterday.

Fahy’s strategy focuses on building games that blend accessibility with depth. Its pipeline features multiple titles, including RAWR, an expansive monster-collecting RPG with unique battle mechanics, deep meta elements, and an immersive storyline; Footy Traps, a fast-paced PvP football game; and Heist Party, a chaotic multiplayer heist game where players can team up or betray each other in a race for the biggest loot.

Hani Hashem, CEO and Co-founder of Fahy Studios, stated that the investment fuels the studio’s mission to push the boundaries of mobile gaming, expand its production capabilities, and attract top talent to the Kingdom.

“While our journey is still in its early stages, the backing from Impact46 and Merak Capital is yet another testament to Saudi’s growing ecosystem that is empowering us to compete on the world stage,” he said.

For his part, Abdulelah Alshareef, VP of Venture Capital at Merak Capital, commented: “Our investment reflects our belief in their vision and our commitment to fostering the growth of Saudi Arabia’s gaming sector. At Merak Capital, we aim to empower startups that combine creativity with strong business models, and Fahy Studios embodies this approach.”

 Founded in 2023 by Hani Hashem, Owis Alsaour, and Fahad Alshibl, Fahy Studios expanded its reach through a publishing partnership with Kwalee, gaining access to world-class expertise in user acquisition, monetization, and global game publishing.