Riyadh: Minister of Culture and Chairman of the Board of Directors of the Cultural Development Fund (CDF) Prince Bader bin Abdullah bin Farhan attended the signing of an agreement to establish the Kingdom's second private investment fund dedicated to the film sector, with a capital of SAR375 million.
According to Saudi Press Agency, the agreement was signed during the Cultural Investment Conference organized by the Ministry of Culture in Riyadh. The fund will be managed by BSF Capital, with the CDF serving as the primary investor in partnership with a leading global film production company.
The fund aims to boost investment in the film industry and expand its reach both locally and internationally. It will target high-quality and innovative projects and facilities within and beyond the Kingdom, particularly those focused on film production, distribution, and infrastructure development, in line with global best practices in asset and risk management.
By creating tailored financial solutions, the CDF supports the sector's sustainable economic and social growth, while encouraging greater investment and aligning with the objectives of Saudi Vision 2030.