Logo ofNintendo Co.
Saudi Arabia’s Public Investment Fund (PIF) reduced its stake in Japan’s Nintendo Co. from 8.58% to 7.54%, Bloomberg reported citing a disclosure by the Japanese company. 
The Saudi sovereign wealth fund sold 17.3 million Nintendo shares, the news agency stated, noting that the fund had raised its interest in the company from 7.08% to 8.58% in February 2023, to become the largest shareholder at that time.
According to the data available on Argaam, PIF’s Savvy Games Group Vice-Chairman, Prince Faisal bin Bandar, recently said that the fund may boost its stakes in Nintendo Co. and other Japanese gaming companies, explaining that the fund is currently working on transferring its holdings in the Japanese companies to Savvy Games Group to create greater synergies.
Logo ofNintendo Co.
Saudi Arabia’s Public Investment Fund (PIF) reduced its stake in Japan’s Nintendo Co. from 8.58% to 7.54%, Bloomberg reported citing a disclosure by the Japanese company.
The Saudi sovereign wealth fund sold 17.3 million Nintendo shares, the news agency stated, noting that the fund had raised its interest in the company from 7.08% to 8.58% in February 2023, to become the largest shareholder at that time.
According to the data available on Argaam, PIF’s Savvy Games Group Vice-Chairman, Prince Faisal bin Bandar, recently said that the fund may boost its stakes in Nintendo Co. and other Japanese gaming companies, explaining that the fund is currently working on transferring its holdings in the Japanese companies to Savvy Games Group to create greater synergies.
