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Saudi Arabia's PIF Considers Raising Stakes in Nintendo and Other Japanese Gaming Companies

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PIF,Nintendo,Gaming

Saudi Arabia's Public Investment Fund (PIF) is considering increasing its holdings in Nintendo and other Japanese gaming companies, according to Kyodo News. Prince Faisal bin Bandar bin Sultan Al Saud, vice chair of the sovereign wealth fund's gaming unit, revealed the plan in an interview.

FILE PHOTO: The logo of Japanese video game company Nintendo is displayed at the Nintendo Tokyo store

He told the Japanese news agency that PIF is not in a rush to increase its stakes, and that investments would be made in a friendly way. The Kyodo report did not specify what he meant by "friendly". Manchester City vs Fulham: Latest City team news and predicted City starting eleven ahead of today’s match

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