Articles

Saudi Arabia Purchased a 5% Stake of Nintendo

Now the 5th largest shareholder.


Saudi Arabia’s Public Investment Fund, a wealth fund chaired by the crown prince Mohammed bin Salman, has bought a 5% stake in Nintendo for invested purposes. This now makes it the 5th largest shareholder.

The crown prince has recently been obtaining stakes in other gaming companies as well, now owning 96% of Japanese developer SNK, in a bid to make the country less dependent on its income from oil.

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