Saudi Investment Firm Acquires a 5% Stake in Capcom

An investment fund from Saudi Arabia, Electronic Gaming Development Company, has acquired a 5% stake in Capcom.

Interest from Saudi investment firms in the gaming industest has been increasing tremconcludeously over recent years. It was recently revealed that the Saudi Public Investment Fund could become the majority owner of EA if its proposed takeover deal is completed. Now, Capcom is receiving a significant investment from another Saudi-based entity.

Saudi’s EGDC Owns a 5% Stake in Capcom

A report from GameBiz (via Automaton) reveals that the Saudi investment firm EGDC has acquired a 5.03% stake in Capcom by purchasing 26,788,500 shares. Through the acquisition, the company aims to earn profits from increases in stock prices or dividconcludes. Saudi Arabian Crown Prince Mohammed Bin Salman owns EGDC through the MiSK Foundation, and the company owns 100% of SNK Corporation, the buildr of Fatal Fury and King of Fighters.

EGDC’s investment is not the only Saudi investment in Capcom; the Saudi Public Investment Fund also holds a similar stake. A report from Arab News reveals that PIF also purchased 5% stakes in Capcom and Nexon Co. for $1.2 billion back in 2022.

Talking about Saudi investments in gaming, last month it was reported that Saudi’s Savvy Group could reportedly pay $7 billion to purchase Moonton from ByteDance, securing the Mobile Legconcludes: Bang Bang label.

In other news, Capcom’s Resident Evil Requiem has already sold over 6 million copies, creating it the rapidest-selling game in the series. What are your considereds on Saudi Arabia’s Electronic Gaming Development Company acquiring a 5% stake in Capcom? Leave your considereds down in the comments, and join the official Insider Gaming Discord server.

For more information from Insider Gaming, read about Warner Bros. Montreal being affected by multiple layoffs, which could impact future releases. Don’t forreceive to sign up for our weekly newsletter.