{"id":131959,"date":"2023-02-17T13:58:00","date_gmt":"2023-02-17T13:58:00","guid":{"rendered":"https:\/\/www.nintendolife.com\/#article-145236"},"modified":"2023-02-17T13:58:00","modified_gmt":"2023-02-17T13:58:00","slug":"saudi-arabias-pif-is-reportedly-now-nintendos-biggest-outside-investor","status":"publish","type":"post","link":"https:\/\/sickgaming.net\/blog\/2023\/02\/17\/saudi-arabias-pif-is-reportedly-now-nintendos-biggest-outside-investor\/","title":{"rendered":"Saudi Arabia’s PIF Is Reportedly Now Nintendo’s Biggest Outside Investor"},"content":{"rendered":"
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\"Nintendo<\/a>
Image: Nintendo Life<\/em><\/figcaption><\/figure>\n

Update [Fri 17th Feb, 2023 13:50 GMT]:<\/strong> Following stories earlier this week of further increases in the PIF’s investment in Nintendo, Bloomberg<\/a> now reports that Saudi Arabia’s Public Investment Fund now holds 8.3% of Nintendo, according to filings. This makes it the company’s largest shareholder outside of Japan.<\/p>\n

According to Bloomberg’s data, this puts the PIF holding ahead of Japan’s Government Pension Investment Fund stake in Nintendo, and comes second only to Nintendo’s own shareholding.<\/p>\n

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Original Story [Thu 16th Feb, 2023 11:30 GMT]:<\/strong> After reports in January<\/a> that Saudi Arabia’s Public Investment Fund (PIF) upped its stake in Nintendo from 5.01% to 6.07%, a new filing suggests that the percentage has been increased again by more than a point.<\/p>\n

As reported by Trading View<\/a> (thanks, VGC<\/a>), this second increase takes the sovereign wealth fund’s overall investment in the Kyoto company to 7.08%.<\/p>\n

The government-run fund has been investing across the board in the video game sector in recent years, including a $1 billion stake in Embracer Group<\/a> and investments in a host of other prominent companies in the industry, including SNK<\/a>, Capcom<\/a>, Activision, EA, and Take-Two<\/a>.<\/p>\n

The PIF’s interest in Nintendo specifically began back in May 2022<\/a>. Nintendo stated at the time that it learned of the investment from news reports and would not comment on individual shareholders.<\/p>\n

The PIF’s investment across a wealth of industries in recent times has drawn criticism due to Saudi Arabia’s human rights record, which is tracked and reported on by organisations such as Amnesty<\/a>.<\/p>\n

Please keep our Community Rules<\/a> in mind when discussing this sensitive topic<\/em> below.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Image: Nintendo Life Update [Fri 17th Feb, 2023 13:50 GMT]: Following stories earlier this week of further increases in the PIF’s investment in Nintendo, Bloomberg now reports that Saudi Arabia’s Public Investment Fund now holds 8.3% of Nintendo, according to filings. This makes it the company’s largest shareholder outside of Japan. According to Bloomberg’s data, […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[],"class_list":["post-131959","post","type-post","status-publish","format-standard","hentry","category-nintendo-news"],"_links":{"self":[{"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/posts\/131959","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/comments?post=131959"}],"version-history":[{"count":0,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/posts\/131959\/revisions"}],"wp:attachment":[{"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/media?parent=131959"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/categories?post=131959"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/tags?post=131959"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}