Saudi gaming company Lobah secures $12 million in funding
Saudi Gaming Studio Lobah Raises $12 Million, Outlines Future Plans
In a significant move for the gaming industry in the Middle East, Saudi gaming studio Lobah has secured a $12 million investment from the Social Development Bank (SDB). This funding is part of SDB's expanded support for the gaming and esports sector.
Founded more than a decade ago by Eisa Atawi, who was also a co-founder of MAU Games, Lobah was formed by combining a company with 20 years of experience in mobile social gaming with MAU Games, a Saudi gaming studio with over 14 years of expertise.
The funding will likely support growth initiatives, product development, and possibly market expansion for the studio. While specific future plans are not described in the search results, it is reasonable to infer that Lobah's strategy focuses on expanding its social gaming experience.
Lobah is developing new titles, including the trivia game Kingdom of Letters, inspired by the 90s TV show حروف, and Jackaroo, a strategy board game involving marbles and cards. One of their current offerings, Habhab, a casual fruit-merge game, is already available on Lobah Play.
Launched in January, Lobah Play is a platform for game developers to publish, network, and monetize their games. It offers users a unique social gaming experience, with swipeable mini-games and real-time voice and gifting features, making it a fast-growing social gaming platform.
As Lobah continues to grow and expand, it is expected that they will continue to innovate and bring new, engaging games to their platform. Stay tuned for more updates from this dynamic gaming studio.
[1] Source: [Link to the original source] [3] Source: [Link to the original source]
Technology will undoubtedly play a crucial role in Lobah's product development, given their objective to innovate and bring new, engaging games to their platform. The funding secured from the Social Development Bank (SDB) will likely contribute to incorporating advanced technologies in their games for improved user experience and competitiveness in the global gaming market.
