Saudi Sovereign Wealth Fund Reduces Stake in Nintendo (NTDOY)

Nov 13, 2024

Saudi Arabia's Public Investment Fund (PIF) has reduced its holdings in Nintendo, the Kyoto-based Japanese gaming company. According to a document filed with Japan's Ministry of Finance, the PIF decreased its stake from 7.5% to 6.3%. Over the course of the six weeks leading up to October, the fund sold more than 17 million shares of Nintendo.

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