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The Saudi sovereign wealth fund (PIF) is transferring its approximately $12 billion worth of stakes in gaming companies (including Nintendo and Bandai Namco) to its subsidiary Savvy Games Group. With Savvy still holding billions of dollars for future investments in the gaming industry, its position as an industry leader will be further enhanced. Documents show that after the completion of the transaction, Savvy will hold approximately 10% stakes in companies such as Square Enix, Enix Software, Line Corporation, and Snaskwill Enix. Savvy was established in 2021 with the aim of helping Saudi Arabia diversify its investments beyond oil. A Savvy spokesperson stated that the equity transfer has been planned for some time. "Given that Savvy is a leading gaming institution under a public investment fund and is a core component of the national gaming and esports strategy, these transfers will allow Savvy to take over the fund's gaming investment management," he said, adding that there are currently no plans to change the investment strategy.