Prince Badr bin Abdullah bin Farhan, Minister of Culture and Chairman of the Cultural Fund Board, witnessed the signing of an agreement during the Cultural Investment Conference organized by the Ministry of Culture at the King Fahd Cultural Center in Riyadh to establish the second private investment fund in the film sector in the Kingdom. The fund has a capital of 375 million SAR, managed by PSF Capital, with the Cultural Fund as the main investor, in cooperation with leading global film industry companies.

The fund aims to enhance investments in the film sector and expand its horizons locally and globally, targeting investments in qualitative and innovative establishments and projects in the film sector inside and outside the Kingdom. This includes entities involved in film production and distribution, as well as developing the sector’s infrastructure, following the best global practices in asset and risk management.

This fund is the second film sector investment fund in which the Cultural Fund participates as a main investor, following the Rivera Content Fund (formerly the Saudi Film Fund). The total size of the two funds reaches 750 million SAR, reflecting the attractiveness of Saudi cinema and its promising investment potential.

The Cultural Fund’s contribution to this investment embodies its role as a center of excellence and financial empowerment for the cultural sector by innovating financial solutions that enhance the sustainable economic and social growth of the sector and encourage investment, in line with the National Culture Strategy under the umbrella of Saudi Vision 2030.