Snk Corporation Mohammed Bin Salman Misk Foundation

posted on


past Rafael Antonio Pineda

Company previously owned 33.iii% of
SNK
after 2020 investment through subsidiary

Game developer
SNK
announced on February 15 that Electronic Gaming Development Company, the visitor wholly owned by Saudi Arabian organization
MiSK Foundation
(Mohammed bin Salman Foundation), now owns a 96.18% pale in
SNK
afterward purchasing more shares.

Electronic Gaming Development Company initially invested The states$216.5 meg in
SNK
in November 2020. It acquired a 33.3% stake in the company at the time, with a plan to buy an additional 17.seven% stake in the futurity to raise its ownership to 51%.

Mohammed bin Salman bin Abdulaziz, the Crown Prince of Saudi arabia, is the arrangement’southward founder and chairman. The system and the Saudi Arabian animation studio
Manga Productions
(besides endemic past
MiSK Foundation) have hosted an internship program with
SNK
in the past.
Manga Productions
has besides collaborated with
Toei Animation
on a number of anime projects, including “The Woodcutter’s Treasure” curt,

Future’s Folktales
, and

The Journeying
.

Crown Prince Mohammed bin Salman established MiSK in 2011. In February 2021, the U.S. Office of the Director of National Intelligence assessed that Crown Prince Mohammed bin Salman approved an operation in Istanbul, Turkey to capture or kill Jamal Khashoggi. Khashoggi was a Saudi journalist who relocated to the United states of america and wrote for
The Washington Post
newspaper before being killed in 2022. The Saudi Arabian government “completely decline[ed]” the U.South. assessment.

Popular:   30 Must-Have Apps For Windows 11

SNK
is known for its franchises such every bit
King of Fighters,
Metal Slug,
Fatal Fury
(Garō Densetsu), and
Samurai Shodown
(Samurai Spirits), and the NeoGeo panel.
SNK
nigh recently released its
The Male monarch of Fighters XV
game on
PlayStation
5,
PlayStation
4, Xbox Series X|Southward, Windows 10,
Steam, and the Epic Games Store on February 17.

Source: SNK


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Snk Corporation Mohammed Bin Salman Misk Foundation

Source: https://www.animenewsnetwork.com/news/2022-04-06/saudi-arabia-misk-foundation-now-owns-96.18-percent-stake-in-snk/.184404