Riyadh, Saudi Arabia – August 17, 2025 – Fahy Studios, a rising Saudi game development studio, has secured a strategic investment of $1.75 million from Impact46 and Merak Capital. This funding marks a major milestone in Fahy’s journey to become a global player in the gaming industry, while supporting Saudi Arabia’s vision of establishing itself as a leading global gaming hub.
Founded in 2023 by Hani Hashem, Owais Alsaour, and Fahad Al-Shibl, Fahy quickly transitioned from an indie team to a scalable studio after joining NEOM’s LevelUp accelerator, and later expanded through a publishing partnership with Kwalee, gaining access to world-class expertise in monetization, user acquisition, and publishing.
The studio focuses on the hybrid-casual genre, blending accessibility with depth to create games that are both instantly fun and endlessly rewarding. Fahy’s pipeline includes:
- RAWR – a monster-collecting RPG featuring unique battle mechanics and immersive storytelling.
- Footy Traps – a fast-paced PvP football game where strategy drives progression.
- Heist Party – a chaotic multiplayer heist game where players can team up or betray each other.
“This investment fuels our mission to push the boundaries of mobile gaming, expand our production capabilities, and attract top talent to the Kingdom,” said Hani Hashem, CEO and Co-founder of Fahy. “We started with a love for gaming and a big dream — to build global hit games from Saudi Arabia, for the world.”
Impact46 highlighted the studio’s unique potential, with Basmah Al Sinaidi, Managing Partner, stating: “Fahy is one of the unique Saudi studios that possess great potential. We are looking forward to backing the team and their visionary approach to create exceptional games and experiences.”
Merak Capital also emphasized the importance of supporting homegrown studios. Abdulelah Alshareef, VP of Venture Capital, noted: “The gaming industry in Saudi Arabia is evolving rapidly, and we see tremendous potential in homegrown studios like Fahy. Mobile gaming, in particular, is a high-growth sector, and Fahy Studios is uniquely positioned to create experiences that engage players worldwide.”
With over 24 million gamers in Saudi Arabia, representing 67% of the population, and global gaming revenues set to multiply by 2030, this investment positions Fahy Studios at the forefront of the Kingdom’s push to establish itself as a global gaming powerhouse.
