Home GCC Levelling up? Saudi’s PIF mulls bigger stake in Nintendo PIF currently owns 8.58 per cent of Nintendo and has stakes in video game companies Nexon, Capcom, and Koei Tecmo by Reuters October 6, 2024 Credit: Getty Images Saudi Arabia’s Public Investment Fund (PIF) is considering raising its stakes in Nintendo and other Japanese gaming companies, Kyodo News reported on Saturday. Prince Faisal bin Bandar bin Sultan Al Saud, vice chair of the sovereign wealth fund’s gaming unit, disclosed the plan in an interview with Kyodo. He told the Japanese news agency that PIF is not in a rush to increase its stakes, and that investments would be made in a friendly way. The Kyodo report did not specify what he meant by “friendly”. READ MORE: Saudi Arabia becomes largest outside shareholder of Nintendo PIF currently owns 8.58 per cent of Nintendo and has stakes in video game companies Nexon, Capcom, and Koei Tecmo, Kyodo said. Tags Japan Nintendo PIF Saudi Arabia You might also like Saudia, Delta Air Lines team up to expand global network OPEC+ panel sticks to output policy, doubles down on compliance Oil prices jump as Iran-Israel missile strikes fuel market jitters Saudi’s ROSHN secures $2.4bn syndicated loan to drive growth