Public Investment Fund of Saudi Arabia there is one more time increased its stake in Nintendo and now owns 8.26% of the Kyoto-based company. Just the other day, it was raised to 7.08%, and in May 2022, the Public Investment Fund of Saudi Arabia had only a 5.01% stake in Nintendo. Nintendo isn’t the only video game company Saudi Arabia’s Public Investment Fund has invested in, as its subsidiary, Savvy Games Group, has large stakes in Embracer Group and Capcom, among others. Saudi Arabia’s Public Investment Fund is Nintendo’s largest outside investor.
“Nintendo did not immediately respond to a request for comment regarding the Saudi investment”
Middle East Online
