Sale to Saudi Firm
In March of 2026, Saudi investment firm Electronic Gaming Development Company (EGDC) has purchased a 5.03% (referred to as 5% going forward) share in Capcom Co., Ltd. It is primarily listed on the Tokyo Stock Exchange, but their shares can be purchased internationally via over-the-counter (OTC) markets.
An OTC market is a decentralized network in which stocks, bonds, securities, and derivatives are traded in more intimate settings than on a formal exchange. This can lead to lower transparency and higher stakes, but it is often the preferred route with foreign investment. The sale was reported to the Kanto Local Finance Bureau on March 13, 2026. This is not the first stake of Capcom being purchased by a Saudi entity. The Saudi Arabian Public Investment Fund (PIF) purchased a separate 5% in 2022, bringing the combined total to 10%.
Capcom’s Resurgence
The purchase was for 26,788,500 shares. At the time of writing, a single share is worth $11.22 USD, making the purchase over an estimated $300 million USD. Capcom has been enjoying something of a resurgence over the last decade. They have worked to earn brand trust again after a tepid period from the late 2000s to the early 2010s. Shifting focus to high-quality, in-house game production and focus being directed away from divisive, Western-targeted reboots has clearly worked in their favor.
The use of the RE Engine has allowed Capcom to be versatile in their creative process. Game series such as Monster Hunter, Street Fighter, and Resident Evil have all seen renewed creative output and player interest, with Resident Evil: Requiem’s recent release setting new sales records. Revitalizing key intellectual properties has both recaptured player and investor attention. Monetization strategies that benefit a devoted consumer base have entrenched a renewed sense of loyalty. Continued support for games with content well after release and updates to older games when they are released again are symptomatic of their proverbial renaissance.
Saudi Arabia’s Economy
The EGDC is a subsidiary of Saudi Arabia’s Mohammed Bin Salman (MiSK) Foundation, which is a Saudi non-profit foundation established by Crown Prince Mohammed bin Salman in 2011. The foundation is stated to “empower Saudi youth’ through fostering cultural, entrepreneurial, technological, and educational initiatives.
The MiSK Foundation offers programs, scholarships, and training to help emerging professionals with global practices. The Foundation’s efforts develop and enrich human capital, allowing investment in their economy through a broader base of skill-based learning. This is part of a much larger effort in Saudi Arabia to diversify aspects of their economy, creating a more stable horizon for the country. As they have done with sports and entertainment, Saudi Arabia is trying to create influence within the gaming industry. The continued success of the company and the blockbuster sales from Resident Evil: Requiem offer plenty of incentives for Saudi investments.
Future Direction
A representative from the EGDC has stated that the move was made for “pure investment” purposes. By that logic, the EGDC will be attempting to reap profits through dividends and rising stock prices. This is not the first time the EGDC has entered the foray of investing in video game companies. In fact, they outright purchased Japanese developer Shin Nihon Kikaku (SNK) in 2022. The exact same rationale was stated then, that the purchase was made explicitly for “pure investment purposes”.
Conclusion
Despite their given reasoning, there is reason to believe that the EGDC or other such entities will shape the creative and financial directions that the video game industry takes. Saudi Arabia’s effort to diversify its economic portfolio mixes with the potential for a stronger influence in the future. Capcom’s efforts to leverage dormant IPs and focus on large-scale, quality content have earned brand loyalty and foreign investment. Only time will tell if this upward trajectory continues.
Don't stop here
Every Score. Every Story. One Home.
Breaking sports, entertainment and news from across the Total Apex network, updated all day.
Get the Full Story →
