In a new press release, it has been officially confirmed that Saudi Arabia is reducing its stake in Nintendo, according to a report from the Saudi Public Investment Fund (PIF).
This week, a report indicated that the Saudi Public Investment Fund (PIF) intends to increase its stake in Nintendo. However, there was an error in the published statement.
CNBC revealed that Savvy Games, a Saudi subsidiary, has reduced its stake in Nintendo from 8.58% to 7.54%.
Despite this unexpected decline, Savvy Games remains one of the prominent shareholders in the famous Japanese company.
The original statement has been amended to clarify that the Saudi Public Investment Fund is interested in Japanese companies operating in the gaming sector in general, not just Nintendo as initially stated.
This was an official confirmation that Saudi Arabia is reducing its stake in Nintendo, according to a report from the Saudi Public Investment Fund (PIF).
