Saudi Arabia acquires part of Nintendo and continues its expansion in Japanese video games

The Public Investment Fund bought a 5.01% stake as the company’s fifth investor.

From Saudi Arabia continues its investment plans in the field of video games. Although they operate in the West, they intensified their activities in the Arab country. Efforts in Asia for the past few months, with a strong focus on Japan.

It ended up directly affecting Nintendo. According to information obtained by Bloomberg, the Saudi Arabian Public Investment Fund, 5.01% stake The Big N is reflected in a document submitted to the Ministry of Finance of Japan.

Became Nintendo’s fifth largest shareholderThe operation was carried out taking advantage of the fact that the value of the yen was not at its best and the purchase figures would be approximate. 3 billion dollars. This makes Nintendo’s fifth largest shareholder, this sovereign fund with $500,000 million in credit.

What are the reasons to invest in Nintendo? According to Toyo Securities analyst Hideki Yasuda, “Saudi Arabia redouble their efforts to create their own industry This string of investments in Japanese video game companies is probably a way of learning from Japan.

Nintendo’s third inversion A few months ago, it took over the shares of Capcom and Nexon in a company operating on the Japanese stock exchange, of the Saudi Arabian Public Fund, with a 5% percentage, although it is still a company. linked to the crown prince The country took control of 96% of SNK’s capital, which became the property of Electronic Gaming Development Company.