Saudi Arabia Becomes Largest Outside Shareholder of Nintendo

Public Investment Fund holds 8.3% of Nintendo, filing shows
Crown prince wants to make Saudi Arabia a gaming hub

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By Takashi Mochizuki and Yuki Furukawa

February 17, 2023 at 7:52 AM UTC

Corrected

June 23, 2023 at 8:56 AM UTC

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Saudi Arabia’s Public Investment Fund became the largest outside shareholder of Nintendo Co. on Friday, in the latest move by the Gulf state to lower its reliance on oil.