Nintendo Logo

It has been announced that Saudi Arabia's Public Investment Fund, or PIF, has upped its previous stake in Nintendo from 5.01% to 6.07%.

As reported by Reuters (thanks, GoNintendo), the sovereign wealth fund increased its previous ownership stake in the Kyoto company by 1.06%, as revealed today in a Japanese report filing.

This follows the government-run fund's initial investment in Nintendo back in May last year, and a swathe of other stakes across the video game sector, which include a $1 billion investment in Embracer Group and stakes in other prominent games companies including Capcom, SNK, Activision, EA, and Take-Two.

Nintendo has stated previously that it will not comment on individual stakeholders. The PIF's investments across a wealth of sectors have drawn criticism in recent years due to Saudi Arabia's human rights record, which is tracked and reported on by organisations such as Amnesty.

Please keep our Community Rules in mind when discussing this sensitive topic below.

[source, via]