Capcom, Nexon become latest video game companies in Saudi's investment splurge Eurogamer.net If you click on a link and make a purchase we may receive a small commission. Read our editorial policy. Capcom, Nexon become latest video game companies in Saudi's investment splurge Amounting to more than $1bn. News by Victoria Kennedy News reporter Updated on 4 Feb 2022 35 comments Saudi Arabia's controversial Public Investment Fund (PIF) now has stakes in both Capcom and Nexon, making these two companies the latest in a long line of video game investments from the initiative chaired by Prince Mohammed bin Salman. The PIF purchased stakes of more than five percent in both Capcom and Nexon. This equates to a holding of more than $1bn across the two companies (via Bloomberg (paywall)). According to PIF, this move is based purely on an investment opportunity. Watch on YouTube Capcom, most famous for its Monster Hunter and Resident Evil franchises, recently celebrated a bumper year. Both Resident Evil Village and Monster Hunter Rise saw sales that easily surpassed 1m. Meanwhile, Nexon is known for its online RPG MapleStory. Capcom and Nexon now join the likes of EA, Take Two Interactive and Activision Blizzard, which the PIF also has stakes in. The hugely-controversial Prince Mohammed bin Salman is often cited as being a fan of video games, with his preferred franchise being Call of Duty. This likely had an influence on PIF's choice to invest in Activision Blizzard. He has also been blamed by the CIA for the assassination of Washington Post journalist Jamal Khashoggi, while his rule of Saudi Arabia has kept up the country's notoriously poor human rights record, with homosexuality still criminalised with punishments ranging from floggings to the death penalty. However, PIF had been losing money on this investment until recently, with ABK's recent acquisition by Microsoft seen as a saving grace. These trends in Saudi's investment portfolio show that the country is leaning further from away from its reliance on oil, as the world as a whole seeks more sustainable energy. Along with its video game investments, the PIF also has stakes in Uber, live events conglomerate Live Nation Entertainment and additionally owns 80 percent of Newcastle United. Become a Eurogamer subscriber and get your first month for £1 Get your first month for £1 (normally £3.99) when you buy a Standard Eurogamer subscription. Enjoy ad-free browsing, merch discounts, our monthly letter from the editor, and show your support with a supporter-exclusive comment flair! Support us View supporter archive More News Atari will hold RollerCoaster Tycoon rights for another decade Ups and downs. 7 Lady Dimitrescu will be a tad smaller in Resident Evil Village's Mercenaries DLC Level the playing field. 1 Overwatch 2 suffers another DDoS attack and character roster bugs Mei Mei. 7 Nintendo Switch firmware update lets you take screenshots in the Switch Online app The app on your console, not your phone. 7 Latest Articles Atari will hold RollerCoaster Tycoon rights for another decade Ups and downs. 7 Jelly Deals Logitech's G Pro X gaming headset is its lowest-ever price during Amazon's Early Access sale Prime Members can get it for just £52. Jelly Deals Save over £500 off the retail price on this beefy ASUS TUF Dash gaming laptop from Amazon Under £1080 for an RTX 3070 laptop. Lady Dimitrescu will be a tad smaller in Resident Evil Village's Mercenaries DLC Level the playing field. 1 Supporters Only Premium only Off Topic: Take a minute to appreciate Cookin' with Coolio's incredible scallops recipe. What a great book. Premium only Off Topic: Reading City of Glass in comic form "Where exactly am I going?" Premium only Off Topic: Il Buco is a transporting film about a really big hole Underlands. Off-Topic Netflix handled Sandman brilliantly It was Dreamy. 9 Buy things with globes on them And other lovely Eurogamer merch in our official store! Explore our store