Saudi fund considers raising stake in Japanese gaming firms a ‘possibility’, reports Kyodo By Reuters

(This Oct. 5 story has been officially corrected to say PIF sees stake increase in Japanese gaming firms as a “possibility,” in headline and paragraph 1)

TOKYO (Reuters) – Saudi Arabia’s sovereign wealth fund Public Investment Fund (PIF) is considering increasing its stakes in Japanese gaming companies as “a possibility”, the vice president of the fund’s gaming entity said, a Kyodo News reported.

Prince Faisal bin Bandar bin Sultan Al Saud, vice chairman of the sovereign wealth fund’s gaming unit, made the comments in an interview with Kyodo.

He told the Japanese news agency that PIF was in no rush to raise its stakes and that the investments would be made in a friendly manner. The Kyodo report did not specify what it meant by “friendly.”

PIF currently owns 8.58 percent of Nintendo and has stakes in video game companies Nexon, Capcom and Koei Tecmo, Kyodo said.