Saudi Crown Prince Mohammed bin Salman Al Saud buys 96% stake in Japanese company SNK

Owned by the Crown Prince of Saudi Arabia Electronic Gaming Development Company (EGDC) now owns 96,18% shares SNK. Information about this was found in the official documentation on the Korean manufacturer’s website.

SNK is best known for franchises such as Fatal Fury, Metal Slug, Samurai Shodown And The King of Fighters. Earlier this year, she released a fighting game The King of Fighters XV на PlayStation 4, PlayStation 5, Xbox Series X|S и ПК.

The company of the Crown Prince of Saudi Arabia bought the first large stake in SNK at the end of 2020 then she received 33.3% of the securities and expressed a desire to acquire another 17.3% in the future. In addition to SNK, Electronic Gaming Development Company (EGDC) owns shares in EA, Take-Two and Activision Blizzard, but not majority stakes.

Previously, the Saudi Arabian Sovereign Fund bought a stake in Capcom.

Read also: Misunderstood: Abandoned for PlayStation 5 will not receive a free demo – the promised prologue will be paid.

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