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.

The Public Investment Fund (PIF), the sovereign wealth fund of Saudi Arabia, has acquired a 40 percent stake in British luxury department store

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.

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.

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.

The Saudi Arabia Public Investment Fund is considering increasing its stake in Nintendo and other gaming firms, it has been revealed.

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,