Fahy, a rising Saudi game development studio, has raised $1.75 million in strategic investment from Impact46 and Merak Capital, marking a significant step in its journey to become a global player in mobile gaming.
The funding will strengthen the studio’s production capabilities, expand its pipeline, and attract top gaming talent to the Kingdom.
Founded in 2023 by Hani Hashem, Owis Alsaour, and Fahad Alshibl, Fahy quickly gained traction after joining NEOM’s LevelUp accelerator, where it transformed from a small indie team into a scalable studio.
The company also signed a publishing partnership with Kwalee, unlocking access to global expertise in monetization, user acquisition, and distribution.
“Today’s mobile gamers want more than fleeting experiences,” said Hani Hashem, CEO and Co-founder.
“They seek games that are easy to pick up but offer meaningful progression. Our goal is to create titles that are instantly fun yet endlessly rewarding.”
Fahy is focused on the hybrid casual genre, blending accessibility with depth. Its upcoming portfolio includes:
- RAWR – a monster-collecting RPG with unique battle mechanics and a rich storyline.
- Footy Traps – a PvP football game where strategy determines who climbs the ranks.
- Heist Party – a chaotic multiplayer heist game centered on teamwork, betrayal, and loot.
Fahy: Backing Saudi Arabia’s Gaming Vision
Saudi Arabia is home to 24 million gamers, representing 67% of the population, and local players spend more than the global average. With the global gaming market set to expand dramatically by 2030, Fahy’s investors see the Kingdom as a strategic hub for growth.
“Fahy is one of the unique Saudi studios that possess great potential,” said Basmah Al Sinaidi, Managing Partner at Impact46. “We are looking forward to backing the team and their visionary approach.”
Abdulelah Alshareef, VP of Venture Capital at Merak Capital, added: “Mobile gaming is a high-growth sector, and Fahy is uniquely positioned to create experiences that engage players worldwide.
“This investment reflects our belief in their vision and in Saudi Arabia’s ambition to become a gaming powerhouse.”
For Fahy, the mission is clear: to build world-class games from Saudi Arabia, for the world.
