The Saudi Arabia Public Investment Fund is considering increasing its stake in Nintendo and other gaming firms, it has been revealed.

PIF, which manages assets of around $760 billion, is already one of Nintendo’s top shareholders, holding an 8.6% stake

Saudi Arabia's Public Investment Fund (PIF) is considering raising its stakes in Nintendo and other Japanese gaming companies, Kyodo News reported on Saturday. Prince Faisal bin Bandar bin Sultan Al Saud,

Saudi Arabia’s sovereign wealth fund Sanabil has revealed investments in Mistral, VC fund NEA and AI incubator South Park Commons.

The Saudi government is keen to mold the kingdom into a global gaming industry player and diversify its oil-heavy portfolio.

Saudi Arabia’s sovereign wealth fund is considering a move to increase its stake in Nintendo. That’s according to a new interview, in which the firm discussed the Saudi Arabia Public Investment Fund’s plans for growth.

Nintendo Co.’s shares rose as much as 3.9% after a senior executive with Saudi Arabia’s sovereign wealth fund told local media it’s considering increasing its stakes in Japanese game companies.Most Read from BloombergSingapore Ends 181 Years of Horse Racing to Make Way for HomesFrom Cleveland to Chicago,

Saudi Arabia's sovereign wealth fund is considering increasing its 8.58 percent stake in Nintendo. According to Kyodo news and spotted by VGC, the Public Investment Fund's (PIF) vice chair confirmed plans to diversify its hitherto oil-dependent economy by strengthening its gaming and entertainment businesses.