NDF to Partner with SDB in Two Agreements to establish $120 Million Venture Funds for the Gaming and Esports Industry

Riyadh, March 5, 2024 – In an innovative move to bolster the gaming and Esports industry within the Kingdom, the National Development Fund (NDF), in collaboration with the Social Development Bank (SDB), announced the signing of two agreements to establish two venture funds with a total size of 450 million SAR ($120 million). The announcement was made during the LEAP 2024 technology conference in Riyadh, marking a significant step towards nurturing the thriving gaming and Esports industry.