Fahy Studios Secures $1.75M to Drive Saudi Arabia’s Gaming Ambitions

Fahy Studios, a fast-rising game development studio from Saudi Arabia, has secured $1.75 million in strategic investment from Impact46 and Merak Capital. This funding marks a significant milestone for Fahy as it continues its mission to develop high-quality, commercially successful mobile games and contribute to Saudi Arabia’s vision of becoming a global gaming hub.
From Indie Beginnings to Scalable Studio
Founded in 2023 by Hani Hashem, Owis Alsaour, and Fahad Alshibl, Fahy began as a small indie team but quickly scaled after joining NEOM’s LevelUp accelerator program. This opportunity allowed them to transform into a professional studio with the ability to expand operations and strengthen their market presence.
The studio also partnered with Kwalee, a global publishing leader, gaining expertise in user acquisition, monetization, and worldwide publishing strategies. This collaboration has further boosted Fahy’s ability to compete on an international scale.
The Vision: Hybrid-Casual Gaming
Fahy focuses on the hybrid casual genre, a fast-growing segment that blends accessibility with depth and progression. As CEO and Co-founder Hani Hashem explains:
“Mobile gamers today want experiences that are easy to start but meaningful to continue. Our goal is to create games that are instantly fun yet endlessly rewarding.”
Upcoming Titles from Fahy
The studio has already announced an exciting pipeline of mobile games, including:
RAWR – a monster-collecting RPG with immersive battles and story-driven progression.

Footy Traps – a PvP football game built around strategy and competitive play.

Heist Party – a chaotic multiplayer heist game where teamwork and betrayal collide.

Backing from Leading Investors
The investment is more than just financial support; it’s a vote of confidence in Saudi Arabia’s growing gaming ecosystem.
Impact46 Managing Partner Basmah Al Sinaidi praised Fahy’s unique potential, saying:
“Fahy is one of the standout Saudi studios with a visionary approach to gaming. We’re excited to back their journey.”

Merak Capital VP of Venture Capital Abdulelah Alshareef highlighted Saudi’s gaming momentum:
“Mobile gaming is one of the fastest-growing sectors, and Fahy is well-positioned to engage global players. Our investment reflects our belief in their vision and Saudi Arabia’s ambition to become a global gaming powerhouse.”

A Booming Market
Saudi Arabia already has over 24 million gamers, representing nearly 67% of the population—with local players outspending global averages. As the gaming industry continues to grow rapidly worldwide, Fahy’s success contributes directly to the Kingdom’s broader ambition to lead in the sector by 2030.
About Fahy Studios
Fahy specializes in hybrid-casual mobile games, blending creativity, accessibility, and depth to design games that appeal to players globally. Their mission is simple yet bold: build world-class hit games from Saudi Arabia for the world.
About Impact46
Impact46 is a Saudi-based, CMA-licensed asset management firm with over SAR 2.8 billion under management. The company invests in high-growth sectors, including launching a SAR 150 million gaming fund, making it a key enabler of the Kingdom’s digital and creative economy.
About Merak Capital
Merak Capital focuses on technology-driven investments across multiple sectors and stages. By combining deep research with entrepreneurial vision, Merak supports innovative startups shaping the future of Saudi Arabia and beyond.