LogInThe PIF's ownership stake in the company currently stands at approximately 9%.
Saudi Arabia's Public Investment Fund (PIF), a sovereign wealth fund chaired by the country's crown prince Mohammed bin Salman, has increased its stake in Electronic Arts.
A recent report from Seeking Alpha (via GamesIndustry.biz) indicates that a filing related to the fund, which was released on May 1 and covers the period of three months ending March 3, discloses that the PIF acquired additional shares in EA during the fourth quarter of 2022.
Prior to Q4, the PIF owned 16.01 million shares in EA but has since raised its stake by 55%, bringing its total shareholding to 24.81 million shares as of the end of the first quarter of 2023. Considering EA's reported outstanding shares exceeding 274 million, the PIF's ownership stake in the company would account for approximately 9%.
Apart from EA, the PIF also has stakes in other major publishers like Activision Blizzard and Take-Two Interactive. Additionally, it has been actively investing in Asian game companies, such as Capcom, Nexon, and Nintendo. Earlier this year, the PIF expanded its ownership in Nintendo to reach 8.26%.
Besides, the PIF's subsidiary, Savvy Games Group, made a significant investment of $1 billion in Embracer Group last year.
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