Saudi Arabia’s Public Investment Fund (PIF) is considering increasing its stake in Nintendo and other Japanese gaming companies, Kyodo News reported on Saturday.
Prince Faisal bin Bandar bin Sultan Al Saud, vice chairman of the sovereign wealth fund’s gaming department, announced the plan in an interview with the news agency.
He told the Japanese news agency that PIF is in no hurry to increase its stake and that the investments will be made in an amicable manner. The Kyodo report did not specify what he meant by “friendly.”
PIF currently owns 8.58% of Nintendo and also has stakes in video game companies Nexon, Capcom and Koei Tecmo, Kyodo said.
