Saudi PIF Considers Increasing Stakes in Nintendo, Japanese Gaming Companies

Nintendo`s stock value increased following a statement from a Saudi Arabian Public Investment Fund (PIF) executive. The executive expressed interest in increasing investments in Japanese gaming companies, including Nintendo. The Saudi government aims to become a major player in the global gaming industry and sees potential in Japanese game developers. The PIF is already a major shareholder in Nintendo and other gaming companies. This interest from Saudi Arabia is part of a larger strategy to diversify their economy and invest in technology and entertainment sectors. Analysts believe this trend of investment from the Middle East will continue.