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A Saudi investment company has acquired a major stake in Capcom, highlighting the country’s growing focus on the global gaming industry and strategic investments in entertainment and technology sectors. The deal reflects Saudi Arabia’s broader strategy to diversify its economy by investing in global entertainment and gaming companies.
Saudi-based Electronic Gaming Development Company (EGDC) has bought a 5.03% stake in Capcom, according to a report. This means that EGDC owns around 26,788,500 of Capcom's shares. Saudi Arabian Crown Prince Mohammed Bin Salman is the owner of EGDC through his Misk Foundation, a non-profit formed in 2011 that has been aimed at focusing on subjects like education, media, and culture.
Capcom is still fresh off the release of its latest hit, Resident Evil Requiem, but the company has more titles, like Pragmata and Onimusha: Way of the Sword, scheduled for the rest of 2026.
Resident Evil Requiem's sales numbers have hit an impressive 6 million copies in less than a month. Such a strong start to the year is good news for Capcom, and EGDC seems to have taken note of those numbers.
Back in 2022, EGDC bought 33.3% of SNK Corporation, the owners of game franchises like Fatal Fury, The King of Fighters, and Metal Slug. By 2022, EGDC had acquired 96.18% of SNK Corporation.
EGDC's 5.03% take in Capcom is significant, but the PIF's purchase of EA turned a lot of heads last year. The deal is estimated at $55 billion, making it one of the largest company acquisitions in gaming history. If the deal actually goes through, Saudi Arabia would own a majority of EA, at around 93.4%. The transaction is expected to close around Q1 2027, but that also depends on approval from regulatory bodies.
The PIF also owns a 5% stake in Capcom. The firm bought into the company back in 2022. With the PIF already invested in major gaming companies like Nintendo, Embracer Group, and Take-Two Interactive, it's going to be interesting to see if EGDC decides to buy stakes in these companies down the road, too.
Resident Evil Requiem was one of the year's first major releases, and it has already proven a huge success for Capcom, with the new entry in the beloved zombie action series breaking franchise sales records.
There has been a lot of controversy surrounding Saudi Arabia's investments, especially with accusations that the PIF is responsible for human rights abuses.
Also read: Most Anticipated Game Releases of 2026 You Need to Wishlist Now
