Electronic Gaming Development Company (EGDC), a Saudi-based investment firm, has acquired a large number of Capcom shares, according to GameBiz.
In a report submitted to the Kanto Local Finance Bureau on March 13, it was disclosed that EGDC now owns a 5.03% stake in Capcom after acquiring 26,788,500 shares. EGDC stated that the purpose of the acquisition of shares is “pure investment” (i.e., earning profits from stock price increases or dividends).
Founded in 2020, EGDC is owned by Saudi Arabian Crown Price Mohammed Bin Salman through his MiSK foundation. The company is known for becoming the parent company of Fatal Fury and King of Fighters developer SNK Corporation back in 2022, after acquiring 96% (now 100%) of the studio’s shares.
Cool. Guess there really is no such thing as ethical consumption.
If you think the Saudis are bad just wait until you find out about Epstein and his tribe