SNK: Saudi Arabia's 96% ownership "doesn't affect us in any way"

1 year 8 months ago

A leading SNK representative has stated the company remains unaffected after it was almost entirely acquired by Saudi Arabia's Public Investment Fund last year.

The PIF is chaired by crown prince Mohammed bin Salman and has invested in a number of major games firms over the past few years. In April 2021, it upped its stake in King of Fighters developer SNK to 96%.

Saudi Arabia and Bin Salman currently face numerous controversies, including the country's poor human rights record, its war with Yemen, allegations that members of the Huwati tribe were forcibly removed or killed to make way for the construction of the Neom megacity project, and claims that the crown prince himself ordered the murder of journalist Jamal Khashoggi.

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Author
James Batchelor