Riyadh – Sharikat Mubasher: The Public Investment Fund (PIF) of Saudi Arabia trimmed its stake in Nintendo to 5.26%, down from 6.29%.

This news was reported by Reuters at noon.

This follows a series of divestments by PIF, which had previously decreased its holdings from 7.5% to 6.3% in October 2024.

The PIF originally acquired a significant stake in Nintendo as part of its Vision 2030 initiative, aiming to establish Saudi Arabia as a global hub for technology, media, and gaming. The fund has also invested in other major gaming companies, such as Activision Blizzard and Capcom.

This adjustment reflects PIF’s ongoing management of its portfolio to optimize returns while maintaining its strategic objectives in the entertainment and gaming industries.