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Saudi-Linked EGDC Takes 5% of Capcom, Pushing Total Saudi Holding Just Over 10%

EGDC is a Misk Foundation subsidiary founded by Crown Prince Mohammed bin Salman.

Overview

  • The buyer disclosed a 26,788,500-share purchase equating to a 5.03% stake in a filing to Japan’s Kanto Local Finance Bureau.
  • EGDC characterizes the stake as a “pure investment” seeking returns from capital gains and dividends.
  • The Public Investment Fund acquired roughly 5% of Capcom in 2022, bringing Saudi-linked ownership to slightly above one tenth.
  • EGDC’s parent previously took control of SNK, and Saudi entities have also invested in Scopely and are involved in a proposed $55 billion EA acquisition.
  • The deal lands during a strong stretch for Capcom, with Resident Evil Requiem topping 6 million sales and the company’s share price rising.