Saudi Arabia Reduces Stake in Nintendo Amid Speculation

Contrary to earlier reports, Saudi Arabia's Public Investment Fund has decreased its shares in Nintendo, maintaining its position as a major shareholder.

Saudi Arabia's Public Investment Fund (PIF) has lowered its stake in Nintendo from 8.58% to 7.54%.
This reduction contradicts earlier reports suggesting an increased investment by the PIF in Nintendo.
The PIF remains one of Nintendo's largest shareholders despite the decrease.
Initial reports of a potential increase stemmed from comments by Prince Faisal bin Bandar bin Sultan Al-Saud, later clarified to refer to Japanese gaming companies broadly.
The PIF's broader strategy includes significant investments in various gaming companies as part of Saudi Arabia's Vision 2030 economic diversification plan.