– Saudi Arabia’s Public Investment Fund (PIF) is exploring opportunities to raise its investments in companies like Nintendo, Nexon, Capcom, and Koei Tecmo.
– Prince Faisal bin Bandar bin Sultan Al Saud, vice chair of PIF’s gaming division, highlighted that the fund will approach these investments in a “friendly” manner and is not in a rush to expand its stakes.
– The move aligns with Saudi Arabia’s Vision 2030, which seeks to diversify the Kingdom’s economy by investing in high-growth sectors like gaming and entertainment.
Saudi Arabia’s Public Investment Fund (PIF) is considering increasing its stakes in Nintendo and other major Japanese gaming companies, according to a report from Kyodo News.
This move aligns with PIF’s broader strategy of diversifying its investment portfolio beyond traditional sectors, as part of the Kingdom’s Vision 2030 initiative aimed at reducing its dependency on oil revenue.
Prince Faisal bin Bandar bin Sultan Al Saud, vice chair of the PIF’s gaming division, revealed the plan during an interview with Kyodo.
He emphasized that while the fund is exploring opportunities to increase its stakes, it is not in a hurry. The investments will be approached in what he described as a “friendly” manner, though further details on this strategy were not disclosed by the report.
Currently, the PIF holds an 8.58% stake in Nintendo, along with investments in other Japanese gaming giants like Nexon, Capcom, and Koei Tecmo. These investments highlight Saudi Arabia’s increasing focus on the gaming and entertainment industries, in line with its efforts to diversify and grow new sectors in the global economy.
If you see something out of place or would like to contribute to this story, check out our Ethics and Policy section.