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