The publisher Nexon announced that the Public Investment Fund (PIF) from Saudi Arabia bought another part of its shares.

Saudi Arabia is actively expanding into the gaming industry. The Financial Times newspaper estimated that over the past 18 months, the Savvy Games Group and the Public Investment Fund, controlled by the authorities, have invested $8 billion in gaming companies.

The Public Investment Fund (PIF) from Saudi Arabia has once again invested in Electronic Arts (EA). At the beginning of the year, he bought 8.8 million shares of the company, increasing his stake in it to 9%.

The Saudi government wants to turn the country into a “world entertainment center” by 2030. It intends to invest $38 billion in the development of the local gaming industry through the Public Investment Fund and its subsidiary Savvy Gaming Group.

For the second time this week, it becomes known that the Public Investment Fund (PIF) from Saudi Arabia is increasing its stake in Nintendo. Now he owns 8.3% of the Japanese company.

The Public Investment Fund (PIF), controlled by the Saudi authorities, continues to invest in Nintendo. According to the Trading View portal, the fund increased its stake in the Japanese publisher to 7.08%.

The Public Investment Fund (PIF) announced the purchase of another 1.06% of Nintendo. Now he owns a share of 6.07%.

Sources of The Telegraph report that the Public Investment Fund (PIF) from Saudi Arabia has acquired more than 50% of the shares of the creator of the Magic Leap AR headsets.

The Public Investment Fund (PIF or the Sovereign Fund of Saudi Arabia) has become the fifth largest shareholder of Nintendo, Bloomberg reports, citing data from the Japanese Ministry of Finance. It is not known how much it cost the foundation.

The Public Investment Fund (PIF, aka Saudi Arabia’s Sovereign Wealth Fund) continues to invest in video games. He invested $235 million in Korean NCSOFT, thereby becoming its second largest shareholder.