Saudi Arabia's Public Investment Fund obtains 5 percent share in Nintendo
(MENAFN) Saudi Arabia's Public Investment Fund has obtained a 5.01 percent share in Japan's Nintendo, increasing its profile in the profitable worldwide gaming division.
In line with a regulatory filing with the Tokyo Stock Exchange on Wednesday the kingdom's USD500 billion sovereign wealth supply bought around 6.5 million stocks in the inventor of Super Mario and creator of video game consoles.
As shown by Bloomberg data the investment in the world's second-largest gaming firm by worth, makes the investment the fifth-highest stockholder in Kyoto-based Nintendo.
On Wednesday, Nintendo's stock price secure 3.5 percent increase at the end of exchange, the Japanese firm's share value is increased around 9 percent since the beginning of 2022.
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