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  • SAUDI ARABIA BREAKING NEWS

Saudi Wealth Fund's Savvy Games Group To Invest $37.8 Billion




PARIS, France - Saudi Arabia's Savvy Games Group, owned by sovereign wealth fund PIF, will invest 142 billion riyals ($37.8 billion) across four initiatives as it aims to become a global hub for gaming, state news agency SPA said on Thursday.


The investment will include 70 billion riyals to take several minority stakes in 'key companies' that support Savvy's games development agenda and 50 billion riyals earmarked to acquire 'a leading game publisher to become a strategic development partner'.



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