PIF cuts Nintendo stake to 7.54%: Report

08/10/2024 Argaam
Logos ofPublic Investment Fund andNintendo Co.

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.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.