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Saudi Arabia Lowers Stake in Nintendo, After Rumors Of It Increasing

NewsTech

Published:

Nintendo

It's been confirmed that Saudi Arabia's Public Investment Fund has lowered its stake in Nintendo, which is a huge contradiction to the reports that have recently been released suggesting that Saudi Arabia was going to raise their stake in the Japanese company. Saudi Arabia first took a stake in Nintendo in 2022, and has slowly increased it over time. The stake started at 5.01% of Nintendo and raised up to 8.58%. However, CNBC reported that the PIF's stake in Nintendo has been lowered from 8.58% to 7.54%. The decrease in the stake is relatively small, and overall keeps Saudia Arabia […]

Read full article at https://wccftech.com/saudi-arabia-lowers-stake-in-nintendo-after-rumors-of-it-increasing/

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