[STEAM] Saudi Arabia Fund Acquires Another Slice of Resident Evil Requiem Publisher Capcom, Upping Country's Ownership to 10%

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Saudi Arabia now owns 10% of Capcom, after Saudi Crown Prince Mohammed Bin Salman's Electronic Gaming Development Company (EGDC) acquired a 5% stake.

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reports that the EGDC's acquisition, part of the Crown Prince's MISK Foundation, is "pure investment." Added to the Saudi Arabia Public Investment Fund (PIF)'s existing 5% stake, EGDC's acquisition of an additional 26.78 million shares raises the country's ownership of the developer and publisher to around 10%.

The increased ownership comes as

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has now

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, making it the fastest-selling instalment of the horror game since it all kicked off in Raccoon City thirty years ago.

The controversial Crown Prince of Saudi Arabia, Mohammed bin Salman,

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, including Take-Two, EA, and Activision Blizzard. A subsidiary of Saudi Crown Prince Mohammed bin Salman's foundation

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, too, a Japanese video game hardware and software company.

Late last year,

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to create new

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DLC. When

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, via a social media post sent out early one Saturday morning, the brief reveal confirmed that the add-on would see Mirage hero Basim visiting AlUla, an ancient site that's now one of Saudi Arabia's cultural highlights.

Content creators specializing in

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content are leaving EA's Creator Network in protest after EA confirmed it is also due to be acquired

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.

Vikki Blake is a reporter for IGN, as well as a critic, columnist, and consultant with 15+ years experience working with some of the world's biggest gaming sites and publications. She's also a Guardian, Spartan, Silent Hillian, Legend, and perpetually High Chaos. Find her at

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