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Misk Foundation

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Misk Foundation
مؤسسة مسك
Mohammed Bin Salman Foundation
مؤسسة محمد بن سلمان
Formation2011;15 years ago (2011)
Founder Mohammed bin Salman
Type Non-profit organization
Headquarters Riyadh, Saudi Arabia
Key people
Bader Al-Bader (CEO)
Subsidiaries MiSK City
Electronic Gaming Development Company
Manga Productions
ilmi Science Discovery and Innovation Center
Misk Art Institute
Misk Schools
Riyadh Schools
Website misk.org.sa/en/

Misk Foundation, also known as the Mohammed bin Salman Foundation, is a Saudi Arabian non-profit and non-governmental organization established in 2011 by Mohammed bin Salman, the Crown Prince of Saudi Arabia. The foundation focuses on education, culture, media, innovation, and entertainment. [1]

Contents

History

Created in 2011, the MiSK foundation was initiated by Mohammad bin Salman, then advisor to the Governor of Riyadh. The name of the Foundation comes from "misk" ("musk" in English); the perfume is a symbol of generosity and benevolence. [2] The Foundation's work is focused on education, culture and media. [3]

In 2017, the Foundation became a "member company" of the MIT Media Lab consortium. [4]

The MiSK Art Institute, launched in 2017, is the artistic branch of the MiSK Foundation. [5] [6] [7] MiSK led the Saudi pavilion at the 2019 Venice Biennale, organizing an exhibition by the Jeddah-based Saudi artist Zahrah Al Ghamdi. [8]

In November 2018, a month after the murder of journalist Jamal Khashoggi, the Bill & Melinda Gates Foundation pulled funding from the foundation. [9] In 2017, the Gates Foundation had committed $5 million to MiSK. “Jamal Khashoggi’s abduction and murder are extremely troubling,” said the Gates Foundation in a statement. [10] [11]

In April 2022, MiSK Foundation acquired 96% ownership of the Japanese video game company SNK. [12]

In April 2024, Bill & Melinda Gates Foundation announced the opening of its first regional office in partnership with Misk in Mohammed Bin Salman Nonprofit City. The announcement was made during the World Economic Forum special meeting held in Riyadh, Saudi Arabia. [13]

Subsidiaries

The Misk Foundation has multiple subsidiaries across various sectors.

Real Estate

Mohammed Bin Salman Nonprofit City, also known as Misk City, is an 840-acre development under construction in northern Riyadh, designed to be the world’s first "non-profit city" The city will include residential areas and will serve as the headquarters and central hub for the Foundation’s subsidiaries. [14]

Animation and Comics

Manga Productions was founded in 2011 and became a subsidiary of the foundation in 2017. It produces animated series and films and comics and localizes video games into Arabic. [15] [16]

Video Games

Electronic Gaming Development Company (EGDC) is the foundation's gaming arm. Through EGDC, Misk owns SNK and holds stakes in other publishers, including Capcom. [17] [18]

Education

The foundation oversees several educational institutions, including the Misk Art Institute, Misk Schools, and Riyadh Schools. [19] [20]

Innovation

Misk operates the ilmi Science Discovery and Innovation Center, which focuses on science, technology, engineering, arts, and mathematics (STEAM) education and research. [21]

See also

References

  1. ↑ "Misk Foundation Partners with Bloomberg to Advance Saudi Arabia's Vision 2030 with Major Investments in Financial Training and Global Market Capabilities | Press | Bloomberg LP". Bloomberg L.p.
  2. ↑ "About MiSk". Misk.org.sa. Retrieved 2 April 2018.
  3. ↑ Elizabeth Dickinson (8 May 2017). "Q&A: Saudi nonprofit MiSK paves the way for youth". Devex.com. Retrieved 10 November 2017.
  4. ↑ Grif Peterson; Yarden Katz (30 March 2018). "Elite universities are selling themselves – and look who's buying". Theguardian.com. Retrieved 2 April 2018.
  5. ↑ Anna Somers Cocks (8 December 2017). "Saudi Arabia's Crown Prince launches institute to promote art in the Middle East". Theartnewspaper.com. Retrieved 2 April 2018.
  6. ↑ Siegfried Forster (12 October 2017). "L'art contemporain saoudien, une bonne surprise exposée à l'Unesco". Rf1.fr (in French). Retrieved 2 April 2018.
  7. ↑ James Tarmy (29 January 2018). "Saudi Arabia Is Planning a Massive, New Arts Center". Bloomberg.com. Retrieved 2 April 2018.
  8. ↑ "Saudi Arabia returns to Venice Biennale after eight-year hiatus". theartnewspaper.com. 9 April 2019. Retrieved 2019-07-12.
  9. ↑ DiChristopher, Tom (November 2018). "Gates Foundation halts cooperation with Saudi crown prince's nonprofit after Khashoggi killing". CNBC. Retrieved 2023-04-13.
  10. ↑ Roberts, Paul (2 November 2018). "Gates Foundation cuts ties with Saudi charity over journalist's murder". Seattle Times.
  11. ↑ Denny, Andrew (4 November 2018). "Gates Foundation Pulls Funding From Saudi Charity Over Khashoggi Murder". Inquisitr.
  12. ↑ Peters, Jay (5 April 2022). "SNK is now almost entirely owned by the Saudi crown prince's foundation". The Verge . Retrieved 18 May 2022.
  13. ↑ "Gates Foundation to open first regional office in Mohammed Bin Salman Non-Profit City". Saudi Gazette. 2024-04-28. Retrieved 2024-04-29.
  14. ↑ "The Transformation of Riyadh Through the Prince Mohammed bin Salman Nonprofit City Initiative". Travel and Tour World. January 10, 2026.
  15. ↑ "Manga Productions to Publish 'Nioh 3' in MENA with Arabic Localization". Asharq Al‑Awsat.
  16. ↑ "Manga Production's first ever Saudi‑Japanese anime film set to hit theaters in 2021". Al Arabiya English.
  17. ↑ "MiSK Foundation Investment Company EGDC Acquires Over 5 Percent Capcom Shares". Anime News Network. March 15, 2026.
  18. ↑ "MiSK Foundation Announces Completion of Strategic Investment in Japanese Gaming Company SNK". MiSK Foundation. May 18, 2022.
  19. ↑ "Misk Art Institute Signs Strategic Partnerships at Misk Global Forum 2025 in Riyadh". Asharq Al‑Awsat. November 26, 2025.
  20. ↑ "Misk Schools Gains Prestigious International and National Recognition". Saudi Gazette. October 21, 2024.
  21. ↑ "HRH Princess Sara bint Mashhour bin Abdulaziz Al Saud Launches New Science and Technology Initiative "ilmi"". Saudi Press Agency. May 20, 2023.
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