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

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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…

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