Through its Electronic Gaming Development Company, a subsidiary of the Mohammed Bin Salman Foundation, the Saudi Crown Prince Mohammed Bin Salman has now 96% of the Japanese developer SNK, known for cult games such as Fatal Fury, Metal Slug and The King of Fighters.
In a 2021 published press release of the company, it was said to the investment scheduled and now realized investment as follows:
“The investment of the Muhammed Bin Salman Foundation (Misk Foundation) in the Japanese company SNK reaffirms its continuous commitment to its goals, Saudi men and women through the establishment of economic partnerships under the updated strategy of the Foundation to ensure the positive impact Maximizing the strengthening of youth. “
Interestingly, the deal was already completed in February, but only with delay, just two months later, to the public.
In order to make the economy Saudi Arabia less dependent on oil revenue, the Crown Prince had acquired shares in several gaming corporations throughout the last few years.
Among them 5% of Capcom and Nexon for over a billion US dollars as well as shares of Activision Blizzard, Electronic Arts and Take-Two in the total value of over three billion US dollars.