Nintendo sees Saudi Arabia increase in its capital: what is its interest?

A few months after its entry into the capital of Nintendo, the Saudi sovereign wealth fund (PIF) slightly increased its stake in the Japanese firm.

The agency Reuters informs us this Thursday that the public investment fund of Saudi Arabia (Public Investment Fund or PIF) increased its stake in Nintendo to 6%. The Saudi sovereign wealth fund had already acquired 5.01% of the capital of the Kyoto firm last May, officially for investment purposes.

Nintendo, an investment like any other for the Saudi PIF?

With this increase in capital, the PIF passes in front of the American investment bank JPMorgan Chase. At this stage, the shares held by the Saudi sovereign wealth fund do not give it any particular influence on the decisions taken within Nintendo. He sees here, for the moment, only a particularly juicy investment like any other.

This increase in investment in the Nintendo company confirms in any case the interest of the PIF for video game companies. The fund, chaired by Crown Prince Mohammed bin Salman, also owns shares in the companies Capcom, Nexon and Koei Tecmo, all three of which are under the Japanese flag.

Nintendo’s investors seem to have received the news moderately, however. This Thursday, January 12, Nintendo’s stock is down 1.8%.

Source : Reuters