The Saudi Arabia Public Funding Fund (PIF) is mulling over rising its stake in Nintendo and different gaming corporations based on an interview between Prince Faisal bin Bandar bin Sultan Al Saud and Kyodo Information.
Talking to Kyodo, Prince Faisal, vice chair of the PIF’s gaming divison, mentioned that additional funding is being thought of, however that they don’t seem to be in any rush and can make investments in a “pleasant” manner.
The PIF at present owns 8.58% of Nintendo shares, whereas having stakes in Nexon (10.53%), Keoi Tecmo (8.99%), and Capcom (6.60%).
Driving the PIF’s investments is the need to maneuver away from oil, the nation’s main useful resource and export, and into different, international markets.
Moreover, each Prince Faisal and Crown Prince Mohammed bin Salman- Saudi Arabia’s de facto ruler- are mentioned to be avid gamers, with the latter reportedly being a fan of Activision’s Name of Obligation sport collection.
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