Saudi Arabia’s PIF has increased its stake in Nintendo, the iconic Japanese gaming company

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Saudi Arabia’s PIF has increased its stake in Nintendo, the iconic Japanese gaming company. The Saudi sovereign wealth fund increased its stake in Nintendo to 7.1% from around 6% previously.

Last month, PIF increased its stake in Nintendo from 5% to 6%. The Mario creator has a market capitalisation of approximately $48.25 billion, making PIF’s share worth approximately $3.4 billion. PIF also has a stake in Nexon, Koei Tecmo, and Capcom, the creators of the Resident Evil and Streetfighter franchises. While it continues to invest in Asian stocks, PIF performed poorly in the US market near the end of last year.

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Saudi Arabia’s PIF has increased its stake in Nintendo, the iconic Japanese gaming company

Saudi Arabia’s PIF has increased its stake in Nintendo, the iconic Japanese gaming company. The Saudi sovereign wealth fund increased its stake in Nintendo to 7.1% from around 6% previously.

Last month, PIF increased its stake in Nintendo from 5% to 6%. The Mario creator has a market capitalisation of approximately $48.25 billion, making PIF’s share worth approximately $3.4 billion. PIF also has a stake in Nexon, Koei Tecmo, and Capcom, the creators of the Resident Evil and Streetfighter franchises. While it continues to invest in Asian stocks, PIF performed poorly in the US market near the end of last year.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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