Saudi Arabia moves billions of worth stock in video game companies including Nintendo to subsidiary Savvy Games

Saudi Arabia’s Public Investment Fund is reportedly transferring roughly $12 billion worth of gaming company shares, including those in companies such as Nintendo Co and Bandai Namco Holdings to its subsidiary Savvy Games Group.

According to a report in Bloomberg, once the transferrals are complete, Savvy will own about 10% of companies such as Koei Tecmo Holdings Inc., NCSoft Corp., Nexon Co. and Square Enix Holdings Co., according to a company document reviewed by Bloomberg news.The share transfer is likely to help boost Savvy’s status as a powerhouse in the industry as the company still possesses billions of dollars earmarked for future investment in gaming businesses.

Although the fund is the largest investor in Electronic Arts Inc.’ $55 billion buyout, Savvy is not involved with the transaction, according to a person with knowledge of the buyout. The government arm already transferred its 11 million shares of Take-Two Interactive Software Inc.

, according to a late December regulatory filing.Savvy was established in 2021 to help Saudi Arabia diversify its holdings away from oil.

The company marked its fourth anniversary in December 2025. With $38 billion to invest, Savvy bought up Monopoly Go developer Scopely Inc, Pokemon Go developer Niantic, and several esports organizations. While Monopoly Go was a breakout success, Savvy’s esports investments have witnessed a bit of trouble and the company has announced layoffs. CEO Brian Ward recently told Pocketgamer, "Building a whole sector and ecosystem from scratch to self-sustainability is a massive endeavour that requires resources, effort, and coordination from many different stakeholders, across a wide range of subject areas - from education to hard infrastructure, from policies to partnerships.

These are ambitious goals, but if any nation could do it, it would be Saudi Arabia, given the significant commitment to games and esports from all the important stakeholders in the domestic ecosystem." According to Amar Batkhuu, a Savvy spokesperson, the transfer has been planned for a long time “These transfers will move the stewardship of PIF’s games investments to Savvy, given Savvy is a leading games organization for the PIF and a core component of the National Gaming and Esports Strategy,” Batkhuu told Bloomberg. He added that there are no plans to change the investment strategy.