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Asharq Al-Awsat

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Riyadh - Asharq Al-Awsat

Saudi Arabia’s PIF Acquires Stakes in Nintendo

PIF Nintendo Saudi Arabia Mohammed bin Salman Finance Ministry Japan Nintendo Co Savvy Video Game Kyoto

The Saudi sovereign fund continues to expand its investments in the global entertainment sector. (Asharq Al-Awsat)

Saudi Arabia’s Public Investment Fund (PIF) has taken a 5.01% stake in Nintendo Co, as the sovereign wealth fund increases its exposure to the Japanese video gaming industry.

The investment in the Kyoto-based group company was made for investment purposes, according to a filing to Japan’s Finance Ministry, making the PIF Nintendo’s fifth-largest shareholder.

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