SNK Playmore Now 96% Owned by Saudi Crown Prince

Japanese developer SNK has been acquired by Saudi Crown Prince Mohammed bin Salman who now owns 96% of the company.

By     Merc

The Electronic Gaming Development Company which is owned by Saudi Prince Mohammed bin Salman’s MiSK Foundation, now holds 96.18% of shares in SNK. It’s a significant increase from 33.3% when they initially acquired it back in November 2020 where they also planned to acquire 17.7% more to increase it to 51%.

In a press release, MiSK Foundation said, “The Mohammed bin Salman Foundation’s (MiSK Foundation) investment in the Japanese company SNK reinforces its continuous commitment to its goals of empowering Saudi men and women through building economic partnerships, within the Foundation’s updated strategy to maximize the positive impact on youth empowerment.”

It also added that their decision to invest “will also enhance SNK’s strong capabilities, which has many innovative intellectual properties in the gaming sector with real potential for development [sic] in the future in line with anticipated growth with the electronic gaming industry.”

SNK is the developer behind franchises such as Metal Slug, The King of Fighters, Samurai Shodown, and more.

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