Saudi Arabia’s Public Funding Fund (PIF) is contemplating elevating its stakes in Nintendo and different Japanese gaming corporations, Kyodo Information reported on Saturday.
Prince Faisal bin Bandar bin Sultan Al Saud, vice chair of the sovereign wealth fund’s gaming unit, disclosed the plan in an interview with the information company.
He informed the Japanese information company that PIF is just not in a rush to extend its stakes, and that investments could be made in a pleasant manner. The Kyodo report didn’t specify what he meant by “pleasant.”
PIF at present owns 8.58% of Nintendo and in addition has stakes in online game corporations Nexon, Capcom, and Koei Tecmo, Kyodo mentioned.
