In May of last year we reported that Saudi Arabia, in the form of its own “Public Investment Fund” 5.01 percent purchased from Nintendo. With Saudi Arabia regularly criticized by human rights organizations like Human Rights Watch for questionable conditions in its own country, fans’ enthusiasm for the news was limited, to say the least. One should also be similarly “pleased” that the state now owns even more shares in Nintendo.
Saudi Arabia and the gaming industry
According to the Associated Press now lie 8.26 percent of the shares of the video game company in the hands of the “Public Investment Fund”. This is the third increase in the past two months. Bloomberg reports that Saudi Arabia is thus the largest external investor is at Nintendo.
Videogameschronicle emphasizes that Saudi Arabia not only holds shares in Nintendo, but also in numerous other companies from the gaming industry. That’s how it is at the moment with companies like Electronic Arts, Take Two or Activision Blizzard involved. The shares in the three companies are each worth more than one billion US dollars. Outside of the video game industry, the state is also positioning itself more and more as a player in the entertainment industry in sports.
Both the Saudi Arabian Grand Prix in Formula 1, as well as the regular ones WWE Shows in the kingdom always cause a lot of criticism. Still, it doesn’t seem like this trend will slow anytime soon.
More Nintendo news
The latest Direct made headlines in the Nintendo cosmos recently. So in particular are the new trailer for The Legend of Zelda: Tears of the Kingdomthe shadowdrop of Metroid Prime: Remastered or reissues of Baten Kaitos 1 and 2 remembered. You can also now experience Game Boy games on the device.
Sources: Videogameschroncile, game spot, Bloomberg
