Saudi Arabia’s PIF Considers Increasing Stakes in Japanese Gaming Companies

TOKYO (Reuters) – Saudi Arabia’s Public Investment Fund (PIF) is considering raising its stakes in Nintendo and other Japanese gaming companies, according to a report by Kyodo News on Saturday.

Prince Faisal bin Bandar bin Sultan Al Saud, vice chair of the sovereign wealth fund’s gaming unit, disclosed the plan during an interview with Kyodo. He stated that PIF is not in a rush to increase its stakes and emphasized that investments would be made in a “friendly” manner. However, the report did not specify what was meant by “friendly”.

Currently, PIF owns 8.58% of Nintendo and holds stakes in other video game companies like Nexon, Capcom, and Koei Tecmo, as reported by Kyodo.