Arabian Fight © 1991 Sega.
An up-to-4 players beat'em up game with 4 selectable warriors who battle hordes of soldiers and mythical beings. Plenty of sprite-scaling action from foreground to background. This game consists all 7 stages.
Click to enlarge
Runs on the Sega "System 32" hardware.
Players: Up to 4.
Control per player: 8-way joystick
Buttons per player: 2
=> Attack, Jump
Arabian Fight was released in January 1992 (even if copyright year is 1991) in Japan, it was the fifth in the series of Sega's System 32 games.
The US version is slightly different, it has the 'Winners Don't Use Drugs' screen.