Prince Faisal bin Bandar bin Sultan Al-Saud, vice chairman of PIF's gaming entity Savvy Games Group, was quoted as saying, "It's always a possibility," when asked about potential additional investments in Japanese gaming firms.
The sovereign wealth fund currently holds about 8.58 percent of Kyoto-based Nintendo Co., the creator of the iconic Super Mario Bros. franchise, and roughly 8.97 percent of Yokohama-headquartered Koei Tecmo Holdings Co., according to finance ministry filings from June.
PIF is transferring its shares in these Japanese companies to Savvy Games Group to foster greater synergies, the prince said. However, he emphasized the importance of proceeding cautiously, saying, "We don't want to rush into anything."
The move aligns with Saudi Arabia's broader efforts to bolster its entertainment sector, including the construction of Qiddiya, an entertainment city near Riyadh featuring a Formula One track, esports facilities, and the world's first theme park dedicated to the Japanese anime series "Dragon Ball."
