Saudi Arabia went through State Investment Fund (PIF) and state companies smart games increase your share in Japanese Nintendo. They reported this on their own to a Saudi Twitter account. BRHM specializing in technology games and Trading View analysis website.
The Saudi Arabian State Fund invested in Nintendo back in April last year when it acquired a 5% stake. In January, he increased it by another percentage, a similar increase has been recorded now. Thus, at present, the share of Saudi Arabia in one of the largest video game companies is 7.08%.
Nintendo is far from the only company Saudi Arabia has invested in. There is a similar share in Capcom or Nexon. Big money also went to Activision Blizzard, Take-Two interactive or hug group. The main share is in SNK and plans to buy an entire large publishing house in the near future.
Investments by state-owned Savvy Games are accompanied by controversy, primarily related to the human rights situation in Saudi Arabia. The PIF is also led by the Prince of Saudi Arabia. Muhammad bin Salmanwho should have at the very least approved the brutal murder of journalist Jamal Khashoggi in 2018 (although he later condemned him).
Source :Indian TV
