Saudi Arabia ranks 2nd globally in average daily video game playtime: MPL

Saudi Arabia wants esports to contribute $13 billion to the country’s gross domestic product. Shutterstock
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Updated 09 July 2024
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Saudi Arabia ranks 2nd globally in average daily video game playtime: MPL

RIYADH: Saudi Arabia has secured the second-highest global ranking for average daily time spent playing video games, signaling a significant shift in leisure activities, according to a report.

The US-based online gaming platform Mobile Premier League has revealed that gaming culture is booming in Saudi Arabia, with over half its population partaking in video games.

The data supports the Kingdom’s National Gaming and Esports Strategy, which aims to ensure the sector creates jobs and contributes $13 billion to the country’s gross domestic product.

“The rise of gaming content creators and streamers on platforms like YouTube and Twitch is driving greater engagement within the Saudi gaming community,” said an expert at MPL.

This follows the Kingdom’s Team Falcons soaring to victory in a historic moment for the nation’s esports scene, claiming the Call of Duty: Warzone championship at the Esports World Cup held in Riyadh on July 3.

The local favorites, comprising Shifty, Soka and Biffle, clinched the grand final with a commanding performance, securing a prize of $200,000.

Moreover, there is a rising enthusiasm for virtual reality gaming driven by advancements in technology, accompanied by an increase in Arabic-language content tailored to meet the needs of local audiences.

Egypt ranked first, as the gaming culture is experiencing rapid growth due to a rising middle class and increased internet accessibility.

Popular genres include first-person shooters, sports games like FIFA Soccer, and multiplayer online battle arena games like Player Unknown’s Battlegrounds Mobile, also known as PUBG.

The report noted that Egypt’s gaming population is predicted to increase as more culturally relevant material is generated.

Last week, the Esports World Cup was launched, featuring a cross-game format of 22 competitions across 21 premier titles. There is a prize pool of $60 million at stake, the largest in the sport’s history.

During a press conference held on July 2, Prince Faisal bin Bandar bin Sultan, chairman of the Saudi Esports Federation, said the event would boost the sport in the country.

 


Closing Bell: Saudi equities continue 4-day upward trend 

Updated 14 January 2026
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Closing Bell: Saudi equities continue 4-day upward trend 

RIYADH: Saudi equities closed higher on Wednesday, with the Tadawul All Share Index rising 51.52 points, or 0.47 percent, to finish at 10,945.15. 

Trading activity was robust, with 373.9 million shares exchanged and total turnover reaching SR6.81 billion. 

The MT30 Index also ended the session in positive territory, advancing 11.93 points, or 0.82 percent, to 1,472.82, while the Nomu Parallel Market Index declined 116.82 points, or 0.49 percent, to 23,551.47, reflecting continued volatility in the parallel market.

The main market saw 90 gainers against 171 decliners, indicating selective buying. 

On the upside, Al Kathiri Holding Co. led gainers, closing at SR2.18, up SR0.12, or 5.83 percent. Wafrah for Industry and Development Co. advanced to SR23, gaining SR0.99, or 4.5 percent, while Al Ramz Real Estate Co. rose 4.35 percent to close at SR60.

SABIC Agri-Nutrients Co. added 4.21 percent to SR118.70, and Al Jouf Agricultural Development Co. climbed 4.12 percent to SR45. 

Meanwhile, losses were led by Saudi Industrial Export Co., which fell 9.73 percent to SR2.69. United Cooperative Assurance Co. declined 5.08 percent to SR3.74, while Thimar Development Holding Co. dropped 4.54 percent to SR35.30.  

Abdullah Saad Mohammed Abo Moati for Bookstores Co. retreated 4.15 percent to SR48.50, and Gulf Union Alahlia Cooperative Insurance Co. slipped 3.96 percent to SR10.44. 

On the announcement front, Saudi National Bank announced its intention to issue US dollar-denominated Additional Tier 1 capital notes under its existing international capital programe, with the final size and terms to be determined subject to market conditions and regulatory approvals.  

The planned issuance aims to strengthen Tier 1 capital and support the bank’s broader financial and strategic objectives.  

The stock closed at SR42.70, gaining SR0.70, or 1.67 percent, reflecting positive investor reaction to the capital management move. 

Separately, Almasane Alkobra Mining Co. said its board approved the establishment of a wholly owned simplified joint stock company to provide drilling, exploration and related support services, with a share capital of SR100 million and headquarters in Najran, subject to regulatory approvals.  

The new subsidiary aligns with the company’s strategy to enhance operational efficiency and expand its role in the Kingdom’s mining sector.

Shares of Almasane Alkobra Mining closed at SR98.70, up SR0.30, or 0.3 percent, by the end of the session.