If you click on a link and make a purchase we may receive a small commission. Read our editorial policy.

Saudi Arabia increases Nintendo stake to 6%

Additional shares bought up via Public Investment Fund.

Six percent of Nintendo is now owned by Saudi Arabia's Public Investment Fund, the financial scheme set up by the country's highly-controversial Prince Mohammed bin Salman.

The state's growing stake has risen from 5.01 percent last May, when word of its investment first surfaced, to 6.07 percent now.

At the time, Nintendo said it learned of the investment from news reports and declined to comment further. This latest update comes from Nintendo's own report, via Reuters. We've contacted Nintendo for further comment.

Nintendo's The Legend of Zelda: Tears of the Kingdom launches in May for Switch.

Saudi Arabia's PIF has invested heavily in video game companies worldwide, and now owns similar stakes in Capcom, Nexon, Koei Tecmo, EA, Activision Blizzard and Take-Two, plus a majority of SNK.

The idea behind the PIF is that it acts as a long-term investment fund for the Saudi state as the world slowly moves away from its dependence on Saudi oil, as well as a more respectable business-like front for the country despite Prince Mohammed bin Salman's own reputation.

The crown prince has been blamed by the CIA for the assassination of Washington Post journalist Jamal Khashoggi, while his rule of Saudi Arabia has kept up the country's notoriously poor human rights record, with homosexuality still criminalised with punishments ranging from floggings to the death penalty.

From Assassin's Creed to Zoo Tycoon, we welcome all gamers

Eurogamer welcomes videogamers of all types, so sign in and join our community!

Related topics
About the Author
Tom Phillips avatar

Tom Phillips


Tom is Eurogamer's Editor-in-Chief. He writes lots of news, some of the puns and makes sure we put the accent on Pokémon. Tom joined Eurogamer in 2010 following a stint running a Nintendo fansite, and still owns two GameCubes. He also still plays Pokémon Go every day.