The Public Investment Fund of Saudi Arabia has reportedly increased its ownership in Electronic Arts, a leading video game publisher. The fund disclosed in its 13F filing with the Securities and Exchange Commission that it has purchased 8.8 million shares of the company to raise its stake from 16.01 million to 24.81 million shares. Aside from Electronic Arts, the PIF has also acquired new shares from PayPal, Sea, and Bloom Energy. This move has given the PIF a 9% ownership of Electronic Arts and further strengthens its position in the gaming industry, as it already holds shares in Nintendo, Activision Blizzard, and Take-Two, among others. The PIF’s recent investment is consistent with Saudi Arabia’s plans to invest $38 billion in gaming in the next few years. With a diversified portfolio of video game publishers and distributors, the PIF aims to position Saudi Arabia as a global gaming hub and attract more investments to the country. This development is an exciting development in the growth of the gaming industry and Saudi Arabia’s economy.

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