Saudi Arabia’s Public Investment Fund has reduced its stake in Japanese gaming company Nintendo. According to a Japanese regulatory filing, the firm cut its stake in Nintendo by 1.04% from 8.58% to 7.

“Brown Thomas Arnotts confirms that Saudi Arabia’s Public Investment Fund will acquire a minority stake in Selfridges Group, alongside majority shareholder Central Group, reflecting confidence in the business as it continues to expand globally,” a Brown Thomas Arnotts spokeswoman said in a statement.

PIF has taken a 40 percent stake in Selfridges' operating and property businesses, with Central Group raising its majority stake in the retailer to 60 percent.

Saudi Arabia’s Public Investment Fund has now decreased their stake in Nintendo Co. Ltd. in Japan.

Saudi’s trimming of its stake in Nintendo was noted in a Japanese regulatory filing this week, as reported by CNBC. According to the filing, the Saudi PIF has reduced its overall stake in the company from 8.58 percent down to 7.54 percent. It’s a sizeable trim, but the PIF still remains one of the largest investors in the company.

Saudi Arabia’s Public Investment Fund is set to become a minority partner in UK department-store chain Selfridges after buying out the position of the now-insolvent Signa Group.

Update [Tue 8th Oct, 2024 12:15 BST]: Following articles over the weekend that Saudi Arabia's Public Investment Fund may seek to increase its investment in Nintendo over and above the 8.58% stake it owned, CNBC now reports that the PIF has, in fact, cut its stake in the Japanese firm.

Thailand’s Central Group and Saudi Arabia’s Private Investment Fund agreed to form a partnership following the latter’s acquisition of a 40% interest in Selfridges.

Saudi Arabia’s Public Investment Fund (PIF) is set to become a minority shareholder in the luxury British department store chain Selfridges. The sovereign wealth fund has signed a binding agreement for a total buyout of the insolvent Signa Group’s position,