Saudi Esports Federation Signs MoU with BSF to Accelerate Development of the Kingdom’s Esports Industry

The Saudi Esports Federation (SEF) has announced the signing of a Memorandum of Understanding (MoU) with BSF, to enhance cooperation between the Kingdom’s financial sector and the thriving esports industry.

The partnership will explore sponsorship opportunities for major initiatives and tournaments, and the provision of specialised executive banking services to the Saudi Esports Federation. As part of a shared commitment to digital transformation, both organizations will collaborate to integrate advanced digital services and systems to streamline the gaming ecosystem’s financial operations. Supporting sustainable development, the agreement includes provisions for the bank’s financing products and investment programs that aim to support long-term sector growth.

Rawan AlButairi, CEO of the Saudi Esports Federation, said: “This partnership represents an important step in bridging the Kingdom’s financial excellence with the rapid evolution of the esports sector. Together we are building a robust, sustainable economic engine that ensures our esports ecosystem is supported by the sophisticated financial infrastructure and digital innovation necessary to cement our position as a premier global hub for competitive gaming.”

The partnership with BSF advances the Saudi Esports Federation’s efforts to accelerate the development of the Kingdom’s esports industry by securing strategic partnerships that utilise cutting-edge technology to drive ecosystem growth.

Mashhour Al-Masoudi, Senior Vice President of Retail Banking at BSF, said: "We are pleased at BSF to sign this agreement, which reflects our vision to strengthen the integration between the financial sector and the esports sector, as one of the Kingdom’s promising strategic industry. Through this partnership, we aim to deliver advanced financial solutions and services that enable the sector to achieve its objectives and accelerate its growth, supporting the advancement of the digital economy in the Kingdom.”

The collaboration between the Saudi Esports Federation and BSF supports the aims of Vision 2030 and the National Gaming and Esports Strategy, driving economic diversification by bridging the gap between the finance industry and the future of digital entertainment.

For more information, visit: https://saudiesports.sa/