Saudi Arabia has increased its stake in Japanese gaming giant Capcom, raising it to 6.04%.

On April 7, according to the latest documents from Japan's EDINET financial platform, Saudi-owned and operated video game developer EGDC has increased its stake in Capcom from 5.03% to 6.04%.

Documents show that EGDC currently holds over 32 million Capcom shares, specifically 32,186,900 shares. These shares are valued at approximately 107.5 billion yen (IT Home note: equivalent to approximately 4.636 billion yuan at the current exchange rate). As of press time, Capcom's total outstanding shares exceed 533 million, totaling 5,330,112,460 shares.

Over the past five years, Saudi Arabia has continuously expanded its presence in the gaming industry, completing billions of dollars in equity investments through various departments, companies, and institutions.

The country's Public Investment Fund, through Savvy Games Group, has spearheaded several major acquisitions, including the acquisition of Scopely, the developer of Monopoly GO, a mobile game that set a record for the fastest game to reach $6 billion in revenue.

Savvy Games Group also acquired Moonton Technology, the gaming division of ByteDance, for $6 billion.

Furthermore, Saudi Arabia is providing major financial support for its $55 billion privatization acquisition of Electronic Arts (EA), a publicly traded company that has been deeply involved in the gaming industry for decades and has profoundly changed the video game landscape. The acquisition will privatize the company. It is estimated that Saudi Arabia will hold 93% of EA's shares and interests after the deal is completed.

EGDC is the investment vehicle of the Mohammed bin Salman Foundation (MiSK), a non-profit organization established in 2011. Both EGDC and the Mohammed bin Salman Foundation are closely linked to and supported by Saudi Arabia's highly profitable Public Investment Fund, a sovereign wealth fund dedicated to investing in Saudi Arabia's future industries.