EGDC adds to its Capcom position

Electronic Gaming Development Company, a Saudi-based investment firm, has increased its stake in Capcom by more than 1%. The update surfaced earlier today through GameBiz, which reported that EGDC’s holding had climbed to 6.04% after the latest purchase.

Capcom’s investor relations report, dated December 31, 2025, suggests the larger position would place EGDC fourth on the company’s list of major shareholders. Not exactly a casual side bet.

According to MarketScreener, EGDC’s Capcom investment is now worth roughly $617 million.

Another Saudi investor is already in the mix

EGDC is not the only Saudi firm with a large position in Capcom. MarketScreener also lists Ayar First Investment, a Riyadh-based investment firm, as a major shareholder in the Japanese publisher.

As of the start of this year, Ayar also held significant investments in Nintendo, Nexon, and Bandai Namco, underlining a broader Saudi push into major Japanese games companies.

Only Crossroad, a major shareholder and asset management company based in Japan, and Capcom itself hold larger stakes in the company.

Why the Saudi capital keeps showing up

A recent GameBiz.jp report said EGDC was established under the MiSK Foundation, an organization created by Prince Mohammed bin Salman, the Saudi crown prince.

Saudi investment in Capcom’s orbit has only recently accelerated. In January 2026, Ayar First Investment secured a 6.6% stake in the Japanese company, taking the place of JP Morgan Chase. That move followed a broader pattern: Saudi-backed investment vehicles have been targeting successful Japanese developers and publishers as part of an effort to diversify the kingdom’s economic interests.

This is part of a wider trend, not an isolated one. In recent years, Saudi Arabia’s Public Investment Fund has taken control of Scopely through Savvy Games and also made a high-profile, ultimately unsuccessful push to buy Electronic Arts for as much as $55 billion.

So yes, Saudi money is showing up in Japanese game development with impressive consistency. The surprise, at this point, would be if it stopped.