Story perspectives

Saudi Arabia Boosts Capcom Stake to 10% Amid Gaming Surge

3/17/2026

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Summary

Story summary

Saudi Arabia's Electronic Gaming Development Company (EGDC) acquired a 5.03% stake in Capcom, lifting ownership to about 10% when added to the PIF's shares.
The investment is described as a "pure investment" targeting Capcom's rising stock value, supported by Resident Evil Requiem's six-million sales.
EGDC is part of Crown Prince Mohammed bin Salman's MiSK Foundation, reflecting Saudi diversification through gaming investments, including Electronic Arts and Take-Two Interactive.

History

Historical Context

In 2021, Saudi Arabia's Public Investment Fund (PIF), chaired by Crown Prince Mohammed bin Salman, invested $3.3 billion in major gaming companies, including Electronic Arts and Take-Two Interactive. This move aligns with the Kingdom's Vision 2030 initiative to diversify its economy beyond oil, reflecting a significant shift towards technology and entertainment sectors in the region.

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Story summary

Saudi Arabia's Electronic Gaming Development Company (EGDC) acquired a 5.03% stake in Capcom, lifting ownership to about 10% when added to the PIF's shares.
The investment is described as a "pure investment" targeting Capcom's rising stock value, supported by Resident Evil Requiem's six-million sales.
EGDC is part of Crown Prince Mohammed bin Salman's MiSK Foundation, reflecting Saudi diversification through gaming investments, including Electronic Arts and Take-Two Interactive.

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