MEFIC Capital launches the Saudi Film Fund with a capital of 375 million riyals

“Mevk Capital” announced the launch of the “Saudi Film Fund” with a capital of 375 million Saudi riyals, with an investment from the Cultural Fund accounting for 40% of the fund’s budget.

This announcement highlights the attractive investment environment for the film and series sector in Saudi Arabia, encouraging investments in this promising sector and supporting qualitative and innovative infrastructure projects in the content production and distribution sector.

The Saudi film production market is experiencing annual growth exceeding 25%, making it the largest consumer market for creative and cinematic content in the Arab world.

This remarkable growth is attributed to the efforts of the Ministry of Culture and the Quality of Life Program, which aim to achieve the goals of Saudi Vision 2030.

These rapid developments reflect the increasing demand for cinematic works that reflect local culture and language, especially with the growing role of digital streaming networks as strong competitors to traditional cinema halls, which enhance the consumption of visual content

The “Saudi Film Fund” represents a strategic step towards enhancing local productions at a global level and is considered the first investment initiative of the Cultural Fund.

In cooperation with “Mevk Capital” in managing the fund and “Vision Media Ventures” as the technical partner, the fund aims to enhance international cooperation with major global studios and provide content that reflects Saudi culture and values.

The role of “Vision Media Ventures” as a technical partner of the Saudi Film Fund is strengthened by its deep experience in this sector, while “Mevk Capital”, licensed by the Capital Market Authority, ensures efficient management of the fund, thus providing strong support for qualified investors and institutions.

The launch of the Saudi Film Fund is part of a previous agreement between the Cultural Fund, “Mevk Capital”, and “Vision Media Ventures”, signed at the Cannes International Film Festival.

It complements the film sector financing program launched by the Cultural Fund in 2023, which aims to enhance digital content in the Kingdom.