The Saudi investment fund Electronic Gaming Development Company (EGDC) has acquired a stake in the Japanese game publisher Capcom. According to media reports, the company received 5.03% of the shares, having bought 26,788,500 securities.
According to a GameBiz report, the investment was made to profit from the growth in share value and dividends. EGDC is owned by Saudi Arabia's Crown Prince Mohammed bin Salman through the MiSK Foundation. The company also owns 100% of the Japanese publisher SNK Corporation — the developer of the Fatal Fury and The King of Fighters fighting game series.
At the same time, EGDC is not the only Saudi structure that has invested in Capcom. Previously, the Public Investment Fund (PIF) also acquired about 5% of Capcom's shares, as well as a stake in Nexon. It was reported that the fund spent about $1.2 billion on the purchase of these share packages in 2022.