Logos of Public Investment Fund and Nintendo Co.
Saudi Arabia’s Public Investment Fund (PIF) reduced its stake in Japan’s Nintendo Co. from 8.58% to 7.54%, Bloomberg reported, citing a disclosure by the Japanese company.
The Saudi sovereign wealth fund sold 17.3 million Nintendo shares, the news agency stated, noting that the fund had raised its interest in the company from 7.08% to 8.58% in February 2023, to become the largest shareholder at that time.
According to the data available on Argaam, PIF's Savvy Games Group Vice-Chairman, Prince Faisal bin Bandar, recently said that the fund may boost its stakes in Nintendo and other Japanese gaming companies.
He stated that the PIF is currently working on transferring its holdings in the Japanese companies to Savvy Games Group to create greater synergies.
Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.
Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}