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

(This Oct. 5 story has been officially corrected to say that PIF sees raising its stakes in Japanese gaming firms as a ‘possibility,’ in the headline and in paragraph 1)

TOKYO (Reuters) – Saudi Arabia’s sovereign wealth fund, Public Investment Fund (PIF), views raising its stakes in Japanese gaming companies as “a possibility,” according to Kyodo News, citing comments from the fund’s gaming entity vice chairman.

Prince Faisal bin Bandar bin Sultan Al Saud, vice chair of the PIF gaming unit, shared these insights during an interview with Kyodo. He emphasized that PIF is not in a hurry to increase its holdings, indicating that any investments would be approached in a friendly manner, although the report did not clarify what “friendly” entails.

Currently, PIF holds an 8.58% stake in Nintendo and has investments in other gaming companies including Nexon, Capcom, and Koei Tecmo, according to Kyodo.