Saudia Arabian investment firm Electronic Gaming Development Company (EGDC) has increased its stake in Capcom, one of the games industry's foremost developer/publisher combos. The investment is the latest in a trend that has seen Saudia Arabia's stake in Capcom creep past 10%, with this new purchase pushing the total even higher. Notably, the EGDC is owned by the Misk Foundation, which Saudi Prince Mohammed bin Salman founded in 2011.
Outside the investments, Capcom has been on something of a hot streak lately, recently releasing Resident Evil 9 and Monster Hunter Wilds, with triple-a blockbusters like Pragmata slated to release on April 17. However, recent investment activity has raised red flags among many of the company's fans, who are worried about human rights abuses stemming from the region, as well as a potential decline in quality from the publisher should Saudia Arabia own too much of a stake.
Capcom states during its latest integrated report that it is looking to bring some of its classic, fan-favorite series to modern hardware.
As first reported by GameBiz.jp, EGDC has increased its investment stake in Capcom from 5.03% to 6.04%, a 1.01% increase. The numbers come via a "Large-Scale Holding Report" submitted...
