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  • Saudi Arabia’s PIF holds $1.2bn stake in Japanese gaming firms Capcom, Nexon: Bloomberg

Saudi Arabia’s PIF holds $1.2bn stake in Japanese gaming firms Capcom, Nexon: Bloomberg

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05 Feb 2022 01:02:27 GMT9
05 Feb 2022 01:02:27 GMT9

Arab News

RIYADH: Saudi Arabia’s Public Investment Fund disclosed stakes of more than 5 percent in two Japan-listed gaming firms, with combined holdings worth around $1.2 billion, Bloomberg reported.

The PIF, as it’s known, have stakes in Capcom Co., the maker of the Street Fighter and Resident Evil franchises, and online games provider Nexon Co.  

PIF’s stake in Capcom is worth about $332 million based on Friday’s share price, according to Bloomberg’s calculation.

Shares in Osaka-based Capcom rose as much as 1.7 percent after the disclosure on Friday.

The PIF also took a 5.02 percent stake of $883 million in Nexon, the company behind role-playing games like MapleStory and Dungeon&Fighter, Bloomberg added.

The Tokyo-listed firm’s shares rose more than 3 percent in Tokyo trading.

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