MEFIC Capital has revealed the Saudi Film Fund, with a total capital of SR375 million ($100 million), including a significant 40 per cent investment from the Cultural Development Fund.
The fund highlights Saudi Arabia’s burgeoning investment opportunities within the film and media sector.
It aims to strengthen investment in the industry for content production and distribution infrastructure projects.
The Saudi Film Fund represents the first collaborative investment by the Cultural Development Fund with MEFIC Capital, who will oversee the fund’s management.
Roaa Media Ventures will act as the technical partner, aiming to foster partnerships with leading international st
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