Saudi Arabia ups investment in Capcom, bringing total ownership stake to 10%

Saudi Crown Prince Mohammed Bin Salman's Electronic Gaming Development Company has acquired approximately 5% of Capcom, adding the Resident Evil and Street Fighter publisher to its growing gaming portfolio.

The details:

• As reported by Gamebiz, the Electronic Gaming Development Company (EGDC) has acquired 26,788,500 shares of Capcom, representing around 5.03% of the company's total shares. It’s said that the purpose of this new share acquisition is "pure investment," with the aim being to generate profit from capital gains and dividends rather than pursuing operational control.
• The EGDC is a subsidiary of the Misk Foundation, also known as the Mohammed Bin Salman Foundation, which was founded by the Crown Prince. This is the same company that acquired 96% of acclaimed Japanese developer SNK in 2022, gaining full control of the King of Fighters and Fatal Fury franchises.
• This acquisition is separate from Saudi Arabia's previous 5% stake in Capcom purchased by the Public Investment Fund back in 2022. However, it is yet another step in the nation’s plan to invest heavily in the gaming industry, which includes a proposed $55 billion acquisition of EA that is expected to conclude by mid-2026, which would see the PIF own 93.4% of the publisher.