Saudi Arabia's Public Investment Fund (PIF) is exploring the possibility of increasing its investments in Nintendo and other Japanese gaming firms, according to a report by Kyodo News on Saturday.

Prince Faisal bin Bandar bin Sultan Al Saud, who serves as the vice chair of the gaming division of the sovereign wealth fund, shared this information during an interview with Kyodo.

He mentioned that PIF is not in a hurry to enhance its holdings and that any investments would be approached in a cordial manner. The report did not clarify what was meant by "cordial."

Currently, PIF holds an 8.58% stake in Nintendo and has investments in other gaming companies, including Nexon, Capcom, and Koei Tecmo, as reported by Kyodo.