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Saudi Arabia’s Public Investment Fund increases its stake in Nintendo

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The Saudi Arabia’s Public Investment Fund (PIF) has increased its stake in Nintendo. The Saudi Arabia’s Public Investment Fund stake has climbed from 5.01% to 6.07%, according to documents which have been filed with Japanese regulators. Saudi Arabia’s Public Investment Fund (PIF) also has shares in other large video game companies such as Capcom and Koei Tecmo, amongst others. Due to the news, Nintendo’s shares were down 1.8%.

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