Saudi Arabia’s Public Investment Fund’s (PIF) is reportedly interested in increasing its shares in Japanese game companies, including Nintendo.
This is according to an interview with the PIF’s Vice-Chair Prince Faisal bin Bandar bin Sultan Al-Saud in an interview with Kyodo News. The fund is in the process of transferring its videogame shares to its gaming company Savvy Games Group, as part of an attempt to shift the country away from oil dependency and towards entertainment.
That said, the Vice-Chair also clarified the importance of going about things “the right way”, implying that they will only raise their stake with the relevant company’s consent.
“There are always opportunities. It’s important to keep the communication going so you get there in the right way. We don’t want to rush into anything.”
Saudi Arabia currently owns a 8.58% stake in Nintendo, and also holds shares in other gaming companies based in Japan such as Capcom and Nexon.
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