New board to develop Saudi film industry

New board to develop Saudi  film industry
People are seen inside the first Saudi Arabia cinema in Jeddah, Saudi Arabia January 13, 2018. (REUTERS)
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Updated 27 July 2020

New board to develop Saudi film industry

New board to develop Saudi  film industry
  • The Film Authority will provide training courses, adopt training programs, develop educational programs

RIYADH: A newly appointed board of directors at Saudi Arabia’s Film Authority will help develop the Kingdom’s film industry.
The Saudi Ministry of Culture announced the formation of the board, with Minister of Culture Prince Badr bin Abdullah bin Farhan as chairman and Deputy Minister of Culture Hamed bin Muhammad Fayez as vice-president.
Board members include Haifa bint Abdulrahman Al-Mansour, Mohialdeen bin Saleh Kamel, Amanda Nevill, Mohammed bin Youssef Al-Khuraiji and Amer bin Jassim Al-Hamoud.
Under the management of CEO Abdullah Al Ayaf Al-Qahtani, the Film Authority will be responsible for developing the industry by creating and proposing strategy for the sector.

It will also help develop and support filmmaking, market Saudi films locally and internationally, collect information and statistics, build a database for the film sector, encourage financing and investment, propose standards for the film sector and motivate individuals, institutions and companies to produce and develop content in the film sector.

The Film Authority will also provide training courses, adopt training programs, develop educational programs, provide scholarships for the gifted, help protect intellectual property rights, issue licenses for relevant activities, organize conferences and events, establish companies, and represent the Kingdom in regional and international bodies.


Yazeed Al-Humied, head of Local Holdings Investments at the Saudi Public Investment Fund

Yazeed Al-Humied
Yazeed Al-Humied
Updated 15 January 2021

Yazeed Al-Humied, head of Local Holdings Investments at the Saudi Public Investment Fund

Yazeed Al-Humied

Yazeed Al-Humied is the newly appointed head of Local Holdings Investments at the Saudi Public Investment Fund (PIF).

From October 2016 until December 2020, he was the PIF’s chief of staff, managing the fund’s relationships and creating strategic partnerships locally and internationally.

He also managed internal institutional and investment projects to ensure they were completed on time and met quality standards and developed a governance model for PIF portfolio companies while monitoring their performance.

On top of his new role, Al-Humied will contribute to the PIF as a member of various permanent committees including those responsible for management, and portfolio company nomination.

In addition, he sits as chairman of the National Security Services Co., vice chairman of both the Samba Financial Group and the Saudi Stock Exchange (Tadawul), and is a board member of Saudia airline, the Saudi Civil Aviation Holding Co., and Saudi low-cost carrier flyadeal.

Al-Humied joined PIF as an adviser to the fund’s governor in 2015. In his one-year advisory role, he was responsible for the restructuring, strategy crafting, and posting of PIF’s reallocation to the Saudi Council of Economic and Development Affairs.

He started his career in 2004 with multinational professional services company PricewaterhouseCoopers and four years later joined the Capital Market Authority (CMA) where he headed mergers and acquisitions.

Al-Humied gained a bachelor’s degree in accounting from Riyadh’s King Saud University in 2004 and he is also an alumnus of the London Business School’s corporate finance modular program.