Saudi PIF raises its stake in Japanese Toei to 6%‎

The Saudi Public Investment Fund raised its stake in Japanese film and animation company, Toei, to 6.03 percent, a report showed on Friday, reflecting the increasing exposure of the kingdom’s sovereign wealth fund to the Japanese media sector.

According to “Reuters”, the ownership report submitted to the Japanese regulators indicated that the share of the Public Investment Fund in the Tokyo-based Toei Company rose from 5.00 percent to 6.03 percent.

Last month, the Public Investment Fund revealed that it had increased its stake in the e-sports giant, Nintendo, to 8.26 percent. The leading investment fund has also invested in Japanese game companies Nexon, Capcom and Koei Tecmo.