Saudi Arabia’s Public Investment Fund (PIF) previously purchased a 5.01% stake in Nintendo. This PIF has also invested in other gaming companies, such as Koei Tecmo and Capcom. Today, the Saudi Arabia Public Investment Fund has increased their stake in Nintendo slightly.
As of right now, Saudi Arabia’s Public Investment Fund (PIF) now holds a 6.07% stake in Nintendo. This continues the PIF’s push to expand into Japanese gaming and obtain a bigger foothold. As far as Nintendo’s day to day operations go, this doesn’t impact Nintendo’s path forward in any way.
I don't think it's a good idea for them to own 1% of Nintendo, let alone increasing that share by 1%. This is the same group that led the deal to buy Newcastle United in the English Premier League. It's headed by the Crown Prince and Prime Minister of Saudi Arabia. And Saudi Arabia has an appalling human rights record. The news caused Nintendo's shares to decrease in value. I don't think there's anything Nintendo can do about the situation.