TOKYO (Reuters) – Saudi Arabia’s Public Investment Fund (PIF) is exploring the possibility of increasing its investments in Nintendo and other Japanese gaming companies, as reported by Kyodo News on Saturday.
Prince Faisal bin Bandar bin Sultan Al Saud, vice chair of the sovereign wealth fund’s gaming unit, revealed the potential plan in an interview with Kyodo.
He mentioned to the Japanese news agency that PIF is taking a measured approach towards increasing its investments and intends to do so in a collaborative manner. The Kyodo report did not elaborate on what exactly he meant by “friendly”.
Currently, PIF holds an 8.58% stake in Nintendo and also has interests in video game companies Nexon, Capcom, and Koei Tecmo, according to Kyodo.