Governor of the Saudi Public Funding Fund, Yasir Othman Al-Rumayyan speaks By way of the fourth annual Future Funding Initiative in Riyadh, Saudi Arabia, January 27, 2021. REUTERS/Ahmed Yosri

DUBAI, Jan 26 (Reuters) – Saudi Arabia’s Public Funding Fund on Wednesday said it had launched a gaming and e-sports activities group, Savvy Gaming, days after Swedish agency MTG introduced it was promoteing ESL Gaming to it.

MTG on Monday said it had agreed to promote ESL Gaming to Savvy Gaming Group for an enterprise worth of $1.05 billion.

Savvy Gaming “goals To Wind up to be the main gaming and e-sports activities group domestically and internationally”, the Saudi fund said.

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Reporting by Alexander Cornwell; modifying by Jason Neely

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