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title: Saudi PIF moving $12bn of games firm shares to Savvy
description: Saudi Arabia's Public Investment Fund is transferring approximately $12 billion in gaming company shares to its subsidiary Savvy Games Group. The transfer...
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# Saudi PIF moving $12bn of games firm shares to Savvy

**[GamesIndustry.biz](https://daily.dev/sources/gamesindustry)** · 3 min read · 0 upvotes · 0 comments

## Summary

Saudi Arabia's Public Investment Fund is transferring approximately $12 billion in gaming company shares to its subsidiary Savvy Games Group. The transfer includes stakes in major publishers like Nintendo, Take-Two, Square Enix, Koei Tecmo, NCSoft, Nexon, and Bandai Namco, with Savvy set to own around 10% in several of these companies. Savvy will maintain the PIF's hands-off investment approach while serving as the primary vehicle for Saudi Arabia's gaming investments under the National Gaming and Esports Strategy. The move was previously announced in 2024 and represents a consolidation of the kingdom's gaming portfolio under one entity.

## Full article

daily.dev links to this article rather than hosting it. Read it at the original source: <https://www.gamesindustry.biz/saudi-pif-moving-12bn-of-games-firm-shares-to-savvy>

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---

Tags: [#business](https://daily.dev/tags/business), [#gaming](https://daily.dev/tags/gaming), [#venture-capital](https://daily.dev/tags/venture-capital), [#nintendo](https://daily.dev/tags/nintendo)

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