Saudi Arabia's EGDC Acquires 5% Stake in Capcom

Sagar Mankar
8 hours ago
2 min read

Saudi Arabia's Electronic Gaming Development Company (EGDC) has acquired a 5.03% stake in Capcom, marking another significant Middle Eastern investment in the Japanese gaming giant.

According to a report by GameBiz via Automaton, EGDC purchased 26,788,500 shares of Capcom, as disclosed in a Large Holdings Report submitted to the Kanto Local Finance Bureau on March 13. The company stated the move is purely investment-driven, targeting gains from stock price appreciation and dividends.

Characters from Monster Hunter and Devil May Cry in fantasy attire with weapons against a sky backdrop. Text reads "Capcom" in bold yellow and blue on the right. — Image: Monster Hunter World / Devil May Cry (Via Capcom)

EGDC is not new to gaming. Founded in 2020 under Saudi Crown Prince Mohammed Bin Salman's MiSK Foundation, the firm is best known as the parent company of SNK Corporation, the studio behind Fatal Fury and King of Fighters. It first acquired 96% of SNK in 2022 before eventually reaching full ownership.

This is not the first Saudi stake in Capcom either. As per reports, the Saudi Public Investment Fund (PIF) separately holds a 5%+ stake in the company, having spent $1.2 billion to acquire 5% stakes in both Capcom and Nexon Co. back in 2022.

Expanding Portfolio of Saudi Investments in Gaming

The broader picture here is hard to ignore. Saudi Arabia has been aggressively consolidating its gaming investments. In January 2026, PIF transferred roughly $12 billion worth of listed gaming shares to Savvy Group, its dedicated gaming arm, in a move designed to bring everything under one focused entity. The group holds around 8% of Nintendo, a roughly $3 billion stake in Take-Two Interactive, the parent of the GTA franchise.

On top of that, Savvy holds around 10% stakes in Square Enix, Nexon, NCSoft, and Koei Tecmo, along with a stake in Bandai Namco.

Savvy also fully owns Scopely, acquired for approximately $4.9 billion in 2023. Scopely is the studio behind Monopoly GO and has since made further moves of its own, including acquiring a majority stake in Turkish developer Loom Games, the studio behind Pixel Flow, in a deal valued at up to $1 billion.

Meanwhile, PIF itself is leading a $55 billion consortium bid to take Electronic Arts private. The deal was announced in October 2025, shareholder approval has already been secured, and regulatory closure is expected later in 2026.