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As per Trading View, the country's Public Investment Fund (PIF), a sovereign wealth fund chaired by crown prince Mohammed bin Salman, has reportedly increased its stake in the Nintendo Switch maker to 7.08%.
The fund first acquired a 5.01% stake in Nintendo in May 2022. Just last month, it increased this stake to 6.07%.
Nintendo has previously claimed that when the PIF bought its initial 5.01% stake in the company, it was unaware of the transaction and first learned about the Saudi investment from news reports. It has yet to comment on the latest developments.
www.videogameschronicle.com
The fund first acquired a 5.01% stake in Nintendo in May 2022. Just last month, it increased this stake to 6.07%.
Nintendo has previously claimed that when the PIF bought its initial 5.01% stake in the company, it was unaware of the transaction and first learned about the Saudi investment from news reports. It has yet to comment on the latest developments.
Saudi Arabia has reportedly increased its stake in Nintendo again | VGC
The Kingdom's Investment Fund is now said to own 7.08% of the Japanese company…
www.videogameschronicle.com
