Saudi Arabia’s Public Investment Fund mulls larger stake in Nintendo, Kyodo reports

Saudi Arabia’s Public Investment Fund (PIF) is considering raising its stakes in Nintendo, opens new tab and other Japanese gaming companies, Kyodo News reported on Saturday.

Prince Faisal bin Bandar bin Sultan Al Saud, vice chair of the sovereign wealth fund’s gaming unit, disclosed the plan in an interview with Kyodo.

He told the Japanese news agency that PIF is not in a rush to increase its stakes, and that investments would be made in a friendly way.

PIF currently owns 8.58% of Nintendo and has stakes in video game companies Nexon, opens new tab, Capcom, opens new tab, and Koei Tecmo, opens new tab, Kyodo said.