Saudi fund analyzes increasing stakes in Japanese gaming companies

The Public Investment Fund (PIF) sees increasing the stakes it holds in Japanese gaming companies as “a possibility”, said the vice president of the fund’s gaming entity, Kyodo News reported.

Prince Faisal bin Bandar bin Sultan Al Saud, vice-chairman of the sovereign wealth fund’s gaming unit, made the comments in an interview with Kyodo.

He told the Japanese news agency that the Saudi sovereign wealth fund is in no rush to increase its holdings and that the investments will be made amicably.

The entertainment city, called Qiddiya, is under construction west of Riyadh, and will include a stadium, a Formula 1 track, e-sports facilities and the world’s first theme park dedicated to the popular “Dragon Ball” series.

Japanese companies seek their intellectual property to diversify sources of profit, such as merchandise and animations featuring their popular game characters.

Nintendo released “The Super Mario Bros. Movie” last year based on his popular game characters that proved to be a box office hit. Square Enix Co. He also directed films based on his famous “Final Fantasy” series.

Currently, the PIF holds 8.58% of Nintendo, in addition to stakes in the Japanese Nexon, Capcom and Koei Tecmo.

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