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Saudi Arabia Fund Acquires Another Slice of Resident Evil Requiem Publisher Capcom, Upping Country's Ownership to 10%

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Or is it just one of Phil's balls in my throat?
Saudi Arabia now owns 10% of Capcom, after Saudi Crown Prince Mohammed Bin Salman's Electronic Gaming Development Company (EGDC) acquired a 5% stake.

Gamebiz.jp reports that the EGDC's acquisition, part of the Crown Prince's MISK Foundation, is "pure investment." Added to the Saudi Arabia Public Investment Fund (PIF)'s existing 5% stake, EGDC's acquisition of an additional 26.78 million shares raises the country's ownership of the developer and publisher to around 10%.

The increased ownership comes as Resident Evil Requiem has now sold six million copies, making it the fastest-selling instalment of the horror game since it all kicked off in Raccoon City thirty years ago.





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Powerstone 2 publisher Capcom is a publicly traded company and anybody could've done this. Doesn't mean they'll have any kind of creative input as they do with Top Hunter: Roddy and Kathy publisher SNK.
 
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