SBI Holdings (TYO:8473) and Saudi Arabia's Savvy Games Group, owned by the Public Investment Fund, have signed a memorandum of understanding to collaborate in the gaming sector, according to a Tuesday filing with the Tokyo Stock Exchange.
The partnership aims to connect Japanese game companies with the Middle East and North Africa (MENA) market, leveraging Japan's gaming expertise and Saudi Arabia's Vision 2030 ambitions.
SBI will introduce Japanese gaming firms to Savvy for potential collaborations, while Savvy will support market entry and localization in Saudi Arabia and MENA.
Price (JPY): $3878.00, Change: $-47, Percent Change: -1.20%
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.