Saudi Arabia now owns 96% of SNK

Mohammad bin Salman is the crown prince of Saudi Arabia: the leader of a country that represses human rights, a man linked to the killing of Saudi journalist Jamal Khashoggi, and a fan of China’s Xinjiang re-education camps. He is also now, via the Electronic Gaming Development Company (EGDC), the ultimate owner of the iconic gaming developer and publisher SNK.

The EGDC first acquired a 33.3% stake in SNK in November 2020, and at the time announced it planned to buy more shares. In February this year it did so, raising its stake to an all-but-done 96%.

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