By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Gulf PressGulf Press
  • Home
  • Gulf News
    • Saudi Arabia
    • UAE24/7
    • Kuwait
    • Qatar
    • Bahrain
    • Oman
  • World
  • Business
    • Market DataLive
    • Finance
    • Economy
    • Energy
    • Crypto
    • ForexHot
    • Tech
  • Sports
  • Lifestyle
  • Videos
Search
Countries
  • Saudi Arabia
  • UAE
  • Kuwait
  • Qatar
  • Bahrain
  • Oman
More Topics
  • Technology
  • Health
  • Entertainment
  • Crypto
  • Forex
  • Stocks
Site Links
  • Business Hub
  • Trending
  • Weather
  • Customize Interests
  • Bookmarks
  • Newsletter
  • Terms
  • Press Release
  • Advertise
  • Contact
© 2023 Gulf Press. All Rights Reserved.
Reading: Saudi Arabia’s Public Investment Fund considers increasing its ownership in Nintendo – News
Share
Notification Show More
Recent Saved
Workers in Bucharest face challenges as temperatures rise
World
Dress code guidelines for the Qatari government sector during office hours
Qatar
Court rules in favor of worker after company dismisses him for salary deductions over 6 years, awarding BD 27,000.
Bahrain
UAE to See Almost 30,000 New Millionaires in 5 Years
UAE
Proposed New Labor Law in Bahrain Targets Increasing Job Opportunities
Bahrain
Latest News
UAE Ranks Among Top Rugby Markets on TOD as British & Irish Lions Tour Kicks Off
Sports
Darven: A New Leap in AI-Powered Legal Technology Launching from the UAE to the World
Tech
Beat the Heat This Summer with a Chill Out on Dubai Marina
World
Historic Italian City of Assisi to Host International Exhibition “Jordan: Dawn of Christianity”
World
Jordan to Host Iraq in the Final Round of the Asian World Cup Qualifiers After Securing Historic Spot
Sports
The Myriad Redefines Student Living for a Mobile, Urban Generation
UAE
L’Oréal Paris Welcomes Yasmine Sabri as New Brand Ambassador for the Middle East
Lifestyle
Roland Garros 2025: A New Era of Viewing, A Tribute to Legends, and Moments to Remember
Sports World
Bitget Celebrates Bitcoin Pizza Day by Distributing Over 5000 Pizzas in Over 20 Cities Worldwide
Crypto
Bitget Protection Fund Maintains Strength with $561 Million Average Value in April 2025
Business Crypto
Moscow Metro Marks 90 Years with Technological Advancements and Heritage Events
Lifestyle World
Senkron Digital Showcases CyberPact Service at GISEC Global 2025
Gulf UAE
Muhammad Umair Saeed: The Billionaire Tech Architect Powering AI, Drones, Blockchain & Cybersecurity from Dubai to the World
Business Gulf UAE
Barcelona Aims to Recover from European Heartbreak as They Face Real Madrid in La Liga, Chasing Their Third Title of the Season
Sports
UAE with 47% and Qatar with 36% Surge in Viewing Minutes as TOD Unveils its Enhanced Streaming Experience TOD 2.0
Lifestyle
Aa
Gulf PressGulf Press
Aa
  • Gulf News
  • World
  • Business
  • Entertainment
  • Lifestyle
  • Sports
  • Videos
Search
  • Home
    • Videos
    • Business Hub
    • Trending
  • Gulf
    • Saudi Arabia
    • UAE
    • Kuwait
    • Qatar
    • Bahrain
    • Oman
  • Business
    • Market Data
    • Crypto
    • Economy
    • Energy
    • Finance
    • Forex
    • Tech
  • More News
    • World
    • Lifestyle
    • Entertainment
    • Sports
Have an existing account? Sign In
Follow US
  • Terms
  • Press Release
  • Advertise
  • Contact
© 2023 Gulf Press. All Rights Reserved.
Gulf Press > Business > Saudi Arabia’s Public Investment Fund considers increasing its ownership in Nintendo – News
Business

Saudi Arabia’s Public Investment Fund considers increasing its ownership in Nintendo – News

News Room
Last updated: 2024/10/05 at 9:42 AM
News Room
Share
4 Min Read
SHARE

Saudi Arabia’s Public Investment Fund (PIF) is considering increasing its stakes in Nintendo and other Japanese gaming companies, according to a report by Kyodo News. The vice chair of PIF’s gaming unit, Prince Faisal bin Bandar bin Sultan Al Saud, revealed the plan in an interview with Kyodo. He mentioned that PIF is not in a hurry to raise its stakes and would do so in a friendly manner, although what he meant by “friendly” was not specified in the report. Currently, PIF holds 8.58 per cent of Nintendo and has investments in other video game companies such as Nexon, Capcom, and Koei Tecmo.

The potential increase in PIF’s stakes in Nintendo and other Japanese gaming companies indicates the fund’s growing interest in the gaming industry. With the rise of online gaming and e-sports, investing in established gaming companies like Nintendo could be a strategic move for PIF. By increasing its stakes, PIF could have a greater influence on the direction of these companies and potentially benefit from the growth of the gaming sector. This move also aligns with Saudi Arabia’s efforts to diversify its economy and invest in new sectors beyond oil.

Prince Faisal’s statement about making investments in a friendly way suggests that PIF aims to build positive relationships with the companies it invests in. This approach could facilitate smoother transactions and collaborations with the Japanese gaming firms. By emphasizing friendly investments, PIF may be signaling its intention to be a long-term strategic partner rather than a short-term investor looking for quick returns. Such a strategy could help PIF establish itself as a trusted investor in the global gaming industry.

The report of PIF considering increasing its stakes in Nintendo follows a trend of sovereign wealth funds investing in the technology and gaming sectors. These funds often have significant financial resources and long-term investment horizons, making them attractive partners for technology and gaming companies looking for stable investors. By expanding its presence in the gaming industry, PIF could diversify its portfolio and tap into the growth potential of the sector. This move could also boost Saudi Arabia’s image as a forward-thinking investor in emerging industries.

Nintendo, as a leading player in the global gaming market, offers PIF a valuable opportunity to gain exposure to a well-established brand with a loyal fan base. The company’s success with its popular consoles and game franchises could provide PIF with stable returns and potential growth opportunities. Investing in Nintendo could also open up avenues for collaboration and joint ventures in the gaming industry, allowing PIF to leverage the company’s expertise and market presence for mutual benefit. As an iconic name in the gaming world, Nintendo could be a strategic addition to PIF’s portfolio.

In conclusion, PIF’s potential decision to increase its stakes in Nintendo and other Japanese gaming companies reflects its interest in the burgeoning gaming industry and its strategic investment approach. By emphasizing friendly investments and taking a long-term view, PIF aims to build strong partnerships with the companies it invests in and leverage their expertise for mutual growth. This move aligns with Saudi Arabia’s economic diversification efforts and could position PIF as a trusted investor in the global gaming sector. As the gaming market continues to expand, investing in established players like Nintendo could provide PIF with a stable and potentially lucrative investment opportunity.

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
I have read and agree to the terms & conditions
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
News Room October 5, 2024
Share this Article
Facebook Twitter Copy Link Print
Previous Article Guide for Dubai Miracle Garden: Directions, Ticket Purchase, and Special Tour Booking
Next Article DP World Tour Championship enhances connections with local golfers through ‘Luckiest Society on Earth’ program – News
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

235.3k Followers Like
69.1k Followers Follow
56.4k Followers Follow
136k Subscribers Subscribe
- Advertisement -
Ad imageAd image

Latest News

UAE Ranks Among Top Rugby Markets on TOD as British & Irish Lions Tour Kicks Off
Sports July 6, 2025
Darven: A New Leap in AI-Powered Legal Technology Launching from the UAE to the World
Tech July 1, 2025
Beat the Heat This Summer with a Chill Out on Dubai Marina
World July 1, 2025
Historic Italian City of Assisi to Host International Exhibition “Jordan: Dawn of Christianity”
World June 28, 2025

You Might also Like

Tech

Darven: A New Leap in AI-Powered Legal Technology Launching from the UAE to the World

July 1, 2025
Crypto

Bitget Celebrates Bitcoin Pizza Day by Distributing Over 5000 Pizzas in Over 20 Cities Worldwide

May 22, 2025
BusinessCrypto

Bitget Protection Fund Maintains Strength with $561 Million Average Value in April 2025

May 20, 2025
BusinessGulfUAE

Muhammad Umair Saeed: The Billionaire Tech Architect Powering AI, Drones, Blockchain & Cybersecurity from Dubai to the World

May 10, 2025
BusinessCrypto

RWA project FEXSE tokenises $600,000 Jacob & Co. luxury watch on the blockchain

April 14, 2025
Business

NTT DATA Business Solutions Expands Presence in UAE with Stronger Regional Leadership

March 28, 2025

Sustainable Moving Services: How Dubai’s Moving Companies Are Going Green

February 20, 2025
Tech

CNTXT and Oracle Strengthen AI Collaboration to Drive Innovation

February 14, 2025
//

Gulf Press is your one-stop website for the latest news and updates about Arabian Gulf and the world, follow us now to get the news that matters to you.

Quick Link

  • Privacy Policy
  • Terms of ue
  • Advertise
  • Contact

How Topics

  • Gulf News
  • International
  • Business
  • Lifestyle

Sign Up for Our Newsletter

Subscribe to our newsletter to get our latest news instantly!

I have read and agree to the terms & conditions
Gulf PressGulf Press
Follow US

© 2023 Gulf Press. All Rights Reserved.

Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

I have read and agree to the terms & conditions
Zero spam, Unsubscribe at any time.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?