Saudi Cultural Development Fund

The deal falls under the patronage of Minister of Culture Prince Badr bin Abdullah, who is also chairperson of the fund’s board

Saudi officials sign $100m deal in Cannes to set up Kingdom’s first film investment fund

  • The agreement, between the Cultural Development Fund and companies ROAA Media Ventures and MEFIC Capital, aims to help develop the nation’s media and entertainment industry
  • In addition to investing in the financing of film companies and projects, the agreement also seeks to build a network of mentors, entrepreneurs and distribution experts to help support them
By Arab News ·