Saudi Arabia’s PIF increases its stake in Nintendo to 6%

Saudi Arabia’s sovereign wealth fund Public Investment Fund (PIF) has raised its stake in Nintendo to six percent, reports Reuters . This follows the initial acquisition of a 5.1 percent stake in the company  in May 2022. Saudi Arabia is aiming to become the hub of the global games industry, with a strong focus on the mobile sector. Saudi Arabia is at the heart of the increasingly mobi…