Saudi Arabia to divest from Super Mario game maker Nintendo ...Kuwait

Saudi Arabia's Public Investment Fund (PIF) has scaled back its stake in Nintendo Co., just a day after a top executive from the kingdom's vast sovereign wealth fund hinted at plans to possibly increase its investment. The PIF reduced its stakehold in the Japanese video game giant to 7.54 percent from a previous 8.58 percent, according to a Japanese regulatory filing on Tuesday. The move came a day after Japanese outlet Kyodo News carried comments made recently by Prince Faisal bin Bandar bin Sultan al-Saud, the vice chairman of Savvy Games Group, the PIF’s gaming-focused subsidiary, indicating that there would be a potential increase in stake. When asked about boosti

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