A company backed by Saudi Arabia has become the new co-owner of Evolution Championship Series (Evo), one of the world’s biggest fighting game tournaments. RTS, which already co-owned Evo, was bought by Qiddiya this week. Qiddiya is a large entertainment project planned for Riyadh that gets support from Saudi Arabia’s government investment fund.

Muhannad Aldawood, Qiddiya’s chief strategy officer, shared the news on LinkedIn. He said the purchase will help strengthen their esports business and create new chances in gaming.

“This will enable Qiddiya to keep fueling the continued growth of Evolution Championship Series (EVO), the world’s largest fighting game event since 1996,” Aldawood wrote. He added that this move will help reach new goals for the fighting game community.

This change happens just weeks after Sony Interactive Entertainment sold its part of Evo to esports company NODWIN. Sony had been a co-owner for four years before the sale. Now NODWIN and RTS (owned by Qiddiya) share ownership of the tournament. The Evolution Championship Series started in 1996 and has become the world’s largest and longest-running fighting game tournament. The main events usually happen in Las Vegas and Tokyo. This October, a European version of the tournament will take place in Nice, France.

Evo brings together thousands of players from around the world to compete in popular fighting games. The tournament has grown significantly over the years and is considered the most important event in competitive fighting games.