20 Hrs
Source:
الاقتصادية
Investment Fund-led Coalition Buys EA
A coalition led by the Saudi Public Investment Fund has acquired Electronic Arts, one of the pioneers in the video game industry, becoming its sole owner after paying $210 per share and removing the company's listing from the NASDAQ market. This move is part of Saudi Arabia's strategy to strengthen its gaming and e-sports sector, with aims to increase the sector's contribution to the GDP by more than 50 billion riyals. The country is undertaking extensive investment projects to enhance its global standing in this field. Additionally, the Saudi market is characterized by a huge number of gaming enthusiasts, with over 23.5 million players. It ranks first in the Arab world and ninth worldwide in e-sports viewership, with ongoing expansions in the gaming industry, development of local talents, and major tournaments like the 2026 E-sports World Cup.
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