Mid last week it was reported that the Public Investment Fund (PIF) of Saudi Arabia, one of Saudi Prince Mohammed Bin Salam investment companies was marking another footprint in the gaming industry and things just got confirmed.

The Associated Press quotes a Public Investment Fund (PIF)'s filing confirming that a new investment at Nintendo has them owning 8.26% of the company via stocks.

This is the third known investment after a first one in 2022 and a second early this year and by then the holded stock counted 5.01%.

The PIF, which has made a series of investments in the video games industry in recent years, is reportedly central to crown prince Mohammed bin Salman’s goal of making the Saudi economy less reliant on proceeds from oil and included almost full ownership of japanese dev/publisher SNK.

Axios has previously reported that PIF is pending to make a high profile gaming industry purchase but details and who might be is still a mystery but noise is that for a while ago, Electronic Arts is interested on being bought or be the remaining part of a merger and also, it is speculated that one of the reasons that Square Enix sold Eidos Montreal, Crystal Dynamics and SquareEnix Montreal in 2022 is to make the company more appealing to be bought but instead PIF, Sony is in the bid.