Saudi Public Investment Fund Transfers $12 Billion in Gaming Stocks to Savvy Games Group

The Public Investment Fund of Saudi Arabia is relocating a substantial portion of its gaming industry holdings, valued at approximately $12 billion, to its subsidiary, Savvy Games Group. According to a report by Bloomberg, this transfer includes shares in prominent gaming companies such as Koei Tecmo, NCSoft, Nexon, and Square Enix. Upon completion, Savvy Games Group will hold around 10% of the shares in these companies, in addition to its existing stakes in Nintendo and Bandai Namco. The fund has already initiated the transfer process, with 11 million shares in Take-Two, the parent company of Grand Theft Auto, being relocated in December 2025. Savvy Games Group is expected to maintain a hands-off approach in its management of these companies. The decision to transfer the gaming holdings to Savvy Games Group has been in the works since September 2024, with the company's representative stating that the move could take place as early as 2025. This strategic transfer aims to consolidate the Public Investment Fund's gaming investments under Savvy Games Group, which was established in November 2021 as part of Saudi Arabia's economic diversification and social transformation initiative. The company has been actively expanding its portfolio, with notable acquisitions including a $1 billion stake in Embracer Group, the purchase of Scopely for $489 million, and the acquisition of ESL Gaming and FaceIt. Furthermore, the Public Investment Fund is the primary investor in the proposed $55 billion acquisition of Electronic Arts, which would result in the fund owning over 93.4% of the company. Additionally, Scopely's Monopoly Go has achieved a significant milestone, surpassing $6 billion in revenue to become the fastest mobile game to reach this benchmark.