Saudi Investors Boost Stake in Capcom
Saudi investment entities are actively expanding their presence in the global gaming industry, with a notable focus on Japan. The Electronic Gaming Development Company (EGDC) has reportedly increased its ownership in the Japanese game developer Capcom by 1.01 percentage points.
This latest move raises EGDC's stake from 5.03% to 6.04%. In absolute terms, Saudi investors now hold 32.18 million shares in the company, known for iconic franchises such as Resident Evil and Street Fighter. EGDC has clarified that its involvement is "purely investment-oriented."
Capcom is not the sole Japanese gaming asset in EGDC's growing portfolio. The investment firm previously acquired a majority stake in SNK, creators of the Fatal Fury series, through an agreement finalized in November 2020.
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