Saudi Arabia’s Electronic Gaming Development Company (EGDC) has purchased a 5.03% stake in Capcom by acquiring 26,788,500 shares. The deal was confirmed through a report submitted to the Kanto Local Finance Bureau on March 13, 2026, and was first reported by GameBiz, with translations provided by Automaton.
EGDC described the purpose of its investment as “pure investment.” That means the company is looking to earn profits through increases in Capcom’s stock price or through dividends. There is no indication of any plans to influence company operations or push for board representation.
Who Owns EGDC?
EGDC is owned by Saudi Arabian Crown Prince Mohammed Bin Salman through the MiSK Foundation. The company is already well known in the gaming industry because it owns 100% of SNK Corporation, the Japanese publisher behind fighting game franchises like Fatal Fury and The King of Fighters.
Not the First Saudi Investment in Capcom
This is the second major Saudi-linked investment in Capcom. The Saudi Public Investment Fund (PIF) also holds roughly 5% of Capcom’s shares. PIF purchased 5% stakes in both Capcom and Nexon Co. back in 2022, spending a combined $1.2 billion on those two deals.
While EGDC and PIF are separate entities, they are both connected to Crown Prince Mohammed Bin Salman, who chairs the PIF. Together, Saudi-linked entities now hold around 10% of Capcom.
Saudi Arabia’s Expanding Presence in Gaming
This investment adds to an already long list of Saudi-backed moves in the gaming space. Last month, reports surfaced that Saudi’s Savvy Group could pay up to $7 billion to acquire Moonton from ByteDance, which would give it control of the Mobile Legends: Bang Bang brand.
PIF has also made investments in companies like Nintendo, Take-Two Interactive, and Embracer Group. Its proposed acquisition of EA, valued at around $55 billion, remains one of the largest pending deals in gaming history. The scale of Saudi involvement in the industry has raised questions about everything from geopolitical risks around major events like the Esports World Cup to long-term influence over game publishers.
Capcom Riding High After Resident Evil Requiem Success
The investment comes at a strong time for Capcom. The company’s latest release, Resident Evil Requiem, has already sold over 6 million copies, making it the fastest-selling game in the Resident Evil franchise to date.
Capcom also confirmed during its FY2025 Q3 earnings report that it plans to reveal more games before the end of fiscal year 2027 (which ends March 31, 2027), with a focus on both new and established franchises.
