The Public Investment Fund (PIF) of Saudi Arabia has raised the percentage of its ownership in Nintendo. According to records that have been submitted with Japanese authorities, the Saudi Arabian Public Investment Fund’s ownership has increased from 5.01% to 6.07% during the course of the last year. The Public Investment Fund (PIF) of Saudi Arabia has stakes in a number of other significant video game businesses, including but not limited to Capcom and Koei Tecmo, amongst others.
The company’s stock dropped 1.8% as a direct result of the announcement.
More about PIF
The Public Investment Fund is a globally significant investor that manages a world-class investment portfolio with a primary emphasis on environmentally responsible investments, both in the United States and throughout the globe.
PIF’s objectives
PIF’s ambitious plan is powering the national economy, and the effects of this are being felt well beyond Saudi boundaries. This strategy plays a crucial part in the realization of Vision 2030, which is Saudi Arabia’s economic reform program.
The Public Investment Fund (PIF) is the force behind Saudi Arabia’s current economic reform. PIF is expanding its portfolio of international assets, investing in global sectors and markets by building strategic partnerships, and launching initiatives to contribute to the goals of Vision 2030 because it is passionate about leading local economic development and localizing cutting-edge technology and knowledge. Vision 2030 is an ambitious plan to transform the world by the year 2030.
PIF’s vision
To become a global investment powerhouse and the world’s most impactful investor, thereby fostering the development of new industries and opportunities that will play a significant role in the formation of the economy of the future globally, while simultaneously driving Saudi Arabia’s own economic transformation.
PIF’s mission
To actively invest over the long term with the goals of maximizing profits that are sustainable, becoming the investment partner of choice for global possibilities, and facilitating the expansion and diversification of the Saudi economy.
