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Arab News arabnews.com 19 Mar, 2023 11:45 am

Saudi Arabia launches $234m funding program to boost Kingdom’s growing film sector

Saudi Arabia launches $234m funding program to boost Kingdom’s growing film sector
RIYADH: Saudi Arabia’s Cultural Development Fund has launched a $234 million Film Sector Financing Program to prop up the budding film sector in the Kingdom. As the name suggests, it is aimed at supporting the Saudi film industry by offering financial packages to local and foreign firms to empower the private sector and boost local content. The packages will be broadly focused

Saudi Arabia ranks 4th globally for preparedness in digital systems Updated 13 sec ago March 19, 2023 13:46 Saudi Arabia ranks 4th globally for preparedness in digital systems Updated 13 sec ago March 19, 2023 13:46 RIYADH: Saudi Arabia has ranked fourth globally in its level of preparedness in digital systems on the back of its sturdy regulatory framework, the latest report from the UN revealed.PIF-owned Saudi Investment Recycling to acquire 60% of Masab Plastic Factory Updated 41 min 44 sec ago March 19, 2023 13:02 PIF-owned Saudi Investment Recycling to acquire 60% of Masab Plastic Factory Updated 41 min 44 sec ago March 19, 2023 13:02 RIYADH: Public Investment Fund-owned Saudi Investment Recycling Co.Munjz takes pivotal step in its business model, secures $5 million in funding Updated 19 March 2023 March 19, 2023 01:03 Munjz takes pivotal step in its business model, secures $5 million in funding Company provides property management system for community managers Updated 19 March 2023 March 19, 2023 01:03 CAIRO: Saudi Arabia’s Munjz joins the property technology sector after taking a pivot that has changed the company’s mission and opened doors to new opportunities.Riyadh Cables expects to maintain double-digit profit driven by giga projects Updated 19 March 2023 March 19, 2023 00:42 Riyadh Cables expects to maintain double-digit profit driven by giga projects Firm recorded impressive net profit of SR351.

6 percent over the previous year Updated 19 March 2023 March 19, 2023 00:42 RIYADH: In its first-ever public result after being listed on the Saudi Stock Exchange, Riyadh Cables Group Co.Sovereign wealth funds driving M&A activity in Middle East Updated 18 March 2023 March 18, 2023 23:23 Sovereign wealth funds driving M&A activity in Middle East Saudi Arabia to witness 'more consolidation and local mergers and acquisitions,' predicts financial expert Updated 18 March 2023 March 18, 2023 23:23 The sovereign wealth funds in the Middle East are the driving forces behind mergers and acquisitions in the region, which witnessed the activity rise to about 39 percent in 2022, according to the regional head of private equity and sovereign wealth fund practices at Bain & Co.

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