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Saudi Local Fund, Nexon's equity. Up to 9.14% stake

The Saudi Arabian Fund (PIF, Public Investment Fund), which has purchased Nexon's stake in several times this year, bought Nexon's stock again. As a result, PIF has 9.14% of Nexon's stake in Japan.

According to the Japanese EDINET, PIF has shared a total of 9.14% of the shares of Nexon's shares over 16 trading days from March 11 to April 8, As a result, the PIF's Nexon's stake was 7.09% → 8.14% → 9.14% in order. In fact, after the position of the two largest shareholders, we also had additional stocks.

The Saudi Local Fund is an analysis that it may not be a simple financial investment in the industry, while buying Nexon's stock across months. It means that the board of directors, as well as the management rights events.

How to buy and sell stocks in Saudi Tadawul Market The PIF has said that Nexon investment is a simple investment purpose through the agents last month. Nexon Japan's major shareholder is a holding company NXC with approximately 47% stake. And most of the stake in NXC holds the family of the late Kim Jung-ju founder.

Meanwhile, Muhammad, who led the fund, is known to be deeply interested in the game and entertainment sectors. In fact, PIFs launched the Savvy Gaming Group (Savvy Gaming Group) and acquired Face and ESL gaming, and recently, in recent years, NCsoft's two shareholders.

According to Edinet, the amount of PIF to acquire Nexon's equity is 2,47.6666,638,400,000 (about W2.14,200bn).

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