Saudi Arabia wealth fund PIF raises Nintendo stake to 6%

Saudi Arabia wealth fund PIF raises Nintendo stake to 6%

Different models of the Nintendo Switch are seen on display in a GameStop in Manhattan, New York, U.S., December 7, 2021. REUTERS/Andrew Kelly

Saudi Arabia’s Public Investment Fund (PIF) has increased its stake in Japan’s Nintendo Co Ltd to 6%, a filing showed on Thursday, reflecting the sovereign wealth fund‘s growing exposure to the Japanese video gaming industry.