DUBAI: According to reports, Saudi Arabia’s Public Investment Fund announced on Saturday that it was thinking of increasing its ownership of Nintendo and other Japanese video game companies.
In an interview with Kyodo News, Prince Faisal bin Bandar bin Sultan Al Saud, the vice chair of the PIF’s gaming branch, revealed the strategy. He stated that the investments will be done in a “friendly way” and that the PIF was “not in a rush to increase its stakes.”
At the moment, the PIF owns 8.58 percent of Nintendo and shares in Capcom, Nexon, and Koei Tecmo, three video game firms.According to sources, the Saudi Arabian Public Investment Fund announced on Saturday that it was thinking about increasing its ownership of Nintendo and other Japanese video game companies.
In a Kyodo News interview, Prince Faisal bin Bandar bin Sultan Al Saud, the vice chair of the PIF’s gaming branch, revealed the strategy. He declared that the investments will be done in a “friendly way” and that the PIF was “not in a rush to increase its stakes.”
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