The Saudi Arabia Public Investment Fund has boosted its interest in Nintendo once again, and it now owns 8.26% of the firm located in Kyoto. It was only yesterday that it was increased to 7.08%, whereas back in May of 2022, Saudi Arabia’s Public Investment Fund only owned 5.01% of Nintendo.
The Saudi Arabia Public Investment Fund keeps investing
The Saudi Arabia Public Investment Fund has not only been investing in Nintendo, but also in other video game companies such as Embracer Group and Capcom through its subsidiary, the Savvy Games Group. Nintendo is not the only video game company in which the Saudi Arabia Public Investment Fund has been investing. The Public Investment Fund of Saudi Arabia is Nintendo’s third-largest shareholder from the outside world.
Middle East Online noted;
“A request for comment on Saudi funding from Nintendo was not immediately met with a response from the company.”
