The announcement of the purchase took place on February 15, but it was not fully known all this time (thanks to ResetEra), probably because the financial documents were never published anywhere other than the SNK site in Korea. Yes, it is a bit difficult, but SNK is a Japanese company owned by a Chinese president, listed in the Korean market now owned by Saudi Arabia.
The current company name SNK is Electronic Sports Development Company, under the founding of MiSK which was founded on October 14, 2020 and is headed by Abdullah Abdulrahman AlAyadhi. Based on a bid of 37,197 won each share, the Riyadh-based company paid 2 552 million to take over the management of SNK. Beneficiaries of 2018, 2019 and 2020, SNK however published a net loss of milyan 8 million at the end of its fiscal year ending July 31, 2021.
If you would like a little more information about the objectives of the MiSK foundation and the picture of Mohammed bin Salman, who recently invested $ 3.3 billion in EA, Activision Blizzard and Take-Two, we invite you to read this previously published edition by SNK. Or another press article recently talking about the performance of its prestige.
- Also Read | The Saudi Prince Foundation buys 33% of SNK and will be its largest shareholder
