Saudi Arabia’s Public Investment Fund now owns 7.08% of Nintendo

News has emerged today that the Saudi Arabia Public Investment Fund has increased its stake in Nintendo and now owns 7.08% of the Kyoto-based company. The Saudi Arabia Public Investment Fund previously had a 5.01% stake in the company in May 2022 and then increased that stake just last month claiming 6.07%. Today’s stake brings that total figure to 7.08%. The Saudi Arabia Public Investment Fund has been rapidly investing in video game companies with their subsidiary Savvy Games Group snapping up stakes in Embracer Group and Capcom, amongst others.

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