Saudi Arabia's PIF mulls larger stake in Nintendo, Kyodo reports By Reuters
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 05 2024
0mins
Source: Investing.com
Saudi Arabia's Investment Plans: The Public Investment Fund (PIF) of Saudi Arabia is considering increasing its stakes in Nintendo and other Japanese gaming companies, as revealed by Prince Faisal bin Bandar bin Sultan Al Saud.
Current Holdings and Approach: PIF currently owns 8.58% of Nintendo and has investments in Nexon, Capcom, and Koei Tecmo, with plans to proceed in a "friendly" manner without rushing the investment process.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
