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Saudi investors pile $3 billion into major game publishers

Saudi Arabia record art electronic pile

19.02.2021 - 22:39

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Al Jazeera, the SEC filings of the PIF detail an investment in Activision Blizzard, Take-Two Interactive, and Electronic Arts over the course of the fourth financial quarter of last year.The fund is chaired by Saudi Crown Prince Mohammad bin Salman, who has been seen to take an interest in video game companies in the past.

His charity, the Mohammad bin Salman Charity Foundation, also owns a 33.3% stake in SNK which is set to rise to a controlling share of 51% ownership in time.

SNK’s largest IPs include King of Fighters and Samurai Shodown.He has claimed to be “part of the first Saudi generation to grow up playing video games” in a 2016 interview with Bloomberg Businessweek.

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