RIYADH: Saudi Arabia’s sovereign wealth fund has strengthened its investment in the video gaming sector as it increased its stake in Japan-based Koei Tecmo.
According to a disclosure to the Japanese Ministry of Finance quoted by Bloomberg, the Public Investment Fund has raised its stake in the video game company to 6.60 percent from 5.56 percent.
Founded in 2009 following the merger of Koei and Tecmo, Koei Tecmo is known for developing several popular video games including Nobunaga’s Ambition, Dynasty Warriors, Atelier, and Ninja Gaiden.
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