The Electronic Gaming Development Company, led by the Saudi Arabian crown prince, has acquired a 5% stake in Capcom

Saudi Arabia's Electronic Gaming Development Company, led by the crown prince, has acquired a 5% share in Capcom.

Information from Gamebiz (referenced by VGC) reveals that EGDC now holds 26.78 million shares in the Japanese firm as a financial endeavor to achieve returns through capital gains and dividends.

Previously, Saudi Arabia’s Public Investment Fund (PIF) secured 5% of Capcom's shares in 2022, sharing this move with Nexon, resulting in a collective investment of $1 billion.

EGDC operates under the Misk Foundation, established by the crown prince. The organization has also obtained a 96% stake in the Japanese game developer SNK.

The PIF is part of an investment ensemble involved in a $55 billion leveraged buyout of Electronic Arts, where it plans to integrate its current holdings.

Earlier this year, the PIF transferred about $12 billion in stocks to its gaming-focused branch, Savvy Games Group.

After this transaction concludes, PIF will own around 10% in various companies, including Koei Tecmo, NCSoft, Nexon, and Square Enix. In addition, the transfer includes shares in Nintendo, Bandai Namco, and Take-Two Interactive.