Saudi fund considering bigger stake in Nintendo - Breaking The News

Saudi fund considering bigger stake in Nintendo

5 October

1 min read

EPA-EFE/IAN LANGSDON

Saudi Arabia's Public Investment Fund (PIF) is exploring the possibility of increasing its stake in Nintendo and other major Japanese gaming companies, according to a report by Kyodo News on Saturday.

Prince Faisal bin Bandar bin Sultan Al Saud, vice chairman of PIF's gaming unit, revealed the plan but emphasized that the investments would be made gradually and "friendly."

The fund currently holds an 8.58% stake in Nintendo and is also invested in Nexon, Capcom, and Koei Tecmo. The potential move highlights Saudi Arabia's growing interest in gaming as part of its Vision 2030 initiative to diversify the economy beyond oil.

gaming nintendo mergers and acquisitions pif

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