Saudi Arabia's Sovereign Wealth Fund increases stake in Nexon

The publisher Nexon announced that the Public Investment Fund (PIF) from Saudi Arabia bought another part of its shares.

According to the report for investors, PIF now owns 10.23% of the company. This makes the Saudi fund the largest shareholder of Nexon. It is not reported how much the purchase of new shares cost the Arabs.

Recall that in February 2022 it became known that PIF acquired 5.02% of Nexon. The fund paid $883 million for this share.