MiSK Foundation
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Summer Games Done Quick raises $2.4 million for charity, cancels sponsored stream with SNK over Saudi Arabia ties
Summer Games Done Quick successfully raised over $2.4 million for Doctors Without Borders. However, the event faced backlash and canceled a sponsored stream with SNK due to the company's majority ownership by Saudi Arabia's Public Investment Fund, citing human rights concerns. Games Done Quick apologized for the oversight and committed to strengthening its sponsor evaluation process.
The Saudi company that owns SNK disclosed a 5% stake in Capcom
The Electronic Gaming Development Company (EGDC), a subsidiary of Saudi Arabia's Public Investment Fund through its MiSK Foundation, has disclosed ownership of 26,788,500 shares in Capcom. This move indicates a significant investment by the Saudi entity into the Japanese game developer.
Another Saudi Firm Has Acquired Stake in Capcom
Saudi investment firm EGDC has acquired a 5.03% stake in Capcom, marking the second Saudi entity to invest in the company. Capcom also announced plans to reveal more games before the end of fiscal year 2027, focusing on both new and established series.
