The Electronic Gaming Development Company, led by the Crown Prince of Saudi Arabia, has purchased a 5% interest in Capcom.

An image showing an association with Capcom's recent financial movement.

The Electronic Gaming Development Company, backed by Saudi Arabia's Crown Prince, has secured a 5% interest in Capcom. According to details from Gamebiz and VGC, this purchase entails 26.78 million shares in the Japanese company, classified as a "pure investment" with the intent of benefiting from capital returns and dividends.

In 2022, Saudi Arabia's Public Investment Fund (PIF) acquired 5% stakes in both Capcom and Nexon, committing approximately $1 billion. The EGDC operates under the Misk Foundation, established by the crown prince, which previously gained a substantial 96% stake in SNK, another Japanese game developer.

Furthermore, the PIF is included in an investment grouping in discussions for a $55 billion acquisition of Electronic Arts, involving rolling its existing interests into the company. Earlier this year, the PIF reallocated around $12 billion in gaming shares to its subsidiary, Savvy Games Group, concentrating on the gaming industry.

Upon the deal's finalization, the PIF will possess about 10% in companies such as Koei Tecmo, NCSoft, Nexon, and Square Enix. The transfer will also cover shares owned by PIF in Nintendo, Bandai Namco, and Take-Two Interactive.