Saudi-Owned Scopely Takes Majority Stake in Turkey’s Loom Games

February 19, 2026 - 18:12

In a significant move within the global gaming industry, Scopely Inc., a major mobile gaming publisher owned by Saudi Arabia's Savvy Games Group, has secured a majority stake in Turkey's Loom Games. This strategic acquisition underscores Saudi Arabia's ambitious push to become a central player in the international video game market.

The deal positions Scopely to leverage Loom Games' proven expertise in developing popular free-to-play mobile titles. The Turkish studio has garnered attention for its engaging game design and strong live-ops capabilities, making it an attractive asset for expansion. Financial specifics of the transaction were not immediately disclosed.

This investment is a direct component of the kingdom's broader, multi-billion-dollar strategy to diversify its economy beyond oil. By funding and acquiring established gaming companies worldwide, Saudi Arabia aims to build a comprehensive gaming hub, encompassing development, publishing, and esports. The acquisition of a stake in Loom Games represents a deepening of these efforts, tapping into Turkey's vibrant and talented game development sector to fuel further growth and portfolio diversification for the Savvy Games Group ecosystem. Industry observers note this as part of a continuing trend of consolidation and strategic partnership within the mobile gaming landscape.