According to some reports and informed sources, the Kingdom of Saudi Arabia has expanded its stake in Nintendo to over 6%.

In May 2022, it was announced that the Kingdom's Public Investment Fund (PIF) had acquired 5.01% of Nintendo's share value. Today, that stake has been increased to 6.07%. Thus, the Kingdom now holds the largest stake in the Japanese giant.

This stage takes place within the scope of the expansion of the crown prince Mohammed bin Salman The Kingdom's role in investing in the video game market, as it has made several previous investments in the same sector.

In December 2020, the fund acquired over $ 3 billion in shares of Activision Blizzard, Electronic Arts and Take-Two.

Last year, through a video game development company in the Kingdom, 96% was acquired from the famous Japanese developer SNK, which includes several development studios of famous titles, notably Fatal Fury, Metal Slug and King of Fighters.

The matter did not stop there, as the Public Investment Fund acquired more than 5% of shares in Capcom and Korean publisher Nexon. The total value of these investments reached more than 1 billion dollars.

It is worth noting that Prince bin Salman announced the launch of the Savvy Gaming Group investment group, which will include the allocation of 50 billion riyals (equivalent to 13.3 billion dollars) to acquire leading game publishers to become a strategic partner in development.

The continued development of the Kingdom of Saudi Arabia's investment value in the video game market takes place within the framework of expanding the investment market in accordance with the vision set by Crown Prince Mohammed bin Salman, which is combined with Vision 2030.

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