Saudi Arabia PIF increases stake in Nintendo to 7 percent

The Saudi Arabian government has increased its investment in Nintendo once again after a previous increase confirmed in January 2023.


As we venture deeper into 2023, Saudi Arabia is the group making big moves to further dig into the video games industry via investments through the government-backed Public Investment Fund. It already had a stake in Nintendo, but has come to increase that stake over time with another increase occurring this month. The Saudi Arabia PIF now has a 7 percent stake in Nintendo.

This news came out of Saudi Arabian Twitter BRHM, with the figures also confirmed by Trading View. As of February 15, 2023, the Saudi Arabia PIF has increased its total investment in Nintendo to 7.08 percent. This is up from the previous 6.07 percent that was reported just last month in January 2023. That itself was also up from the initial 5 percent stake Saudi Arabia took in Nintendo in May 2022. Little by little, Saudi Arabia has seemingly been aggressively growing its stake in the company.

BRHM's tweet confirming Saudi Arabia PIF stake Nintendo raised to 7 percent.
Saudi Arabia PIF has raised its stake in Nintendo to 7.08 percent, once again increasing its investment in the company in just two months in 2023.
Source: BRHM

This investment also comes alongside a wealth of other investments in the games and entertainment industries as the Saudi Arabian government seeks to diversify away from reliance on oil. Back in February 2022, Saudi Arabia put sizeable investments into Capcom and Nexon. In June 2022, it added the Embracer Group to its list of investments, taking an 8.1 percent stake in the parent company of THQ Nordic, Coffee Stain Publishing, and much more.

With the Saudi Arabia PIF aggressively investing in a wide variety of major players in the game industry worldwide, it seems unlikely that the investment increases will stop there. Stay tuned as we continue to monitor this story for further information and updates.

Senior News Editor

TJ Denzer is a player and writer with a passion for games that has dominated a lifetime. He found his way to the Shacknews roster in late 2019 and has worked his way to Senior News Editor since. Between news coverage, he also aides notably in livestream projects like the indie game-focused Indie-licious, the Shacknews Stimulus Games, and the Shacknews Dump. You can reach him at and also find him on Twitter @JohnnyChugs.

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