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Saudi Arabia buys 5% of Nintendo

State Investment and Savings Fund of Saudi Arabia, public investment fund (PIF) has acquired 5.01% of the shares of Japanese…

By admin , in news , at May 19, 2022

State Investment and Savings Fund of Saudi Arabia, public investment fund (PIF) has acquired 5.01% of the shares of Japanese video game developer and distributor Nintendo, financial officials notified today.

Nintendo has released so far 129,869,000 sharesOf which PIF has acquired 6,509,100, according to a report on the operation published this Wednesday by the Japanese Financial Services Agency (FSA, for its acronym in English).

Mohammed bin Salman

This represents an investment of 378,764 million yen (over 2.78 million euros), if the share price Nintendo Closer to the date of accrual in the stock market, which according to the report is last May 11.

Saudi state fund tied to the Crown Prince Mohammed bin Salmanhas made other investments in video game companies in recent years, including Japanese capcom (6,09%) y no tecmo (5.03%), or South Korean Nexon (9.14%), located in Tokyo.

The operation is known to happen a week after Nintendo published report good The fiscal year for its 2021 fiscal year (ending March 31), in which it reported a net profit of 477,691 million yen (about 3,520 million euros), was down 0.6%, due to the profitability of its Switch consoles and their games.

pessimism

His forecasts for this 2022 are pessimistic, currently context Problems in the supply chain due to chip shortages, persistence and its impact on production.

Company shares, manufacturers of reputed franchises in the industry like Super Mario Distributors of blockbusters like The Legend of Zelda, and Pokémon titles, are up 10.5% so far this year.

Saudi Arabia buys 5% of Nintendo

2022-05-19 07:02:45