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Mohammed Al-Turki Saudi Arabia film Provident Cooper Funding Mohammed Al-Turki Saudi Arabia

Saudi Arabia’s Telfaz11 Closes Multi-Million-Dollar Funding Round

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deadline.com
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Saudi Arabian production and finance outfit Telfaz11 is planning to expand its ability to finance film and TV content after securing a multi-million-dollar funding round.Exact amounts were not disclosed.

The money comes from a consortium of investors led by Saudi exhibition chain Muvi Cinemas. Also involved are the Al Husseini Family office and Mohammed Al Turki through Al Rawabi Holding, who is an entrepreneur and producer with credits including Arbitrage.

Turki is also the chair of the Red Sea International Film Festival Committee, which is presently running its debut edition.The money will be used to power up Telfaz11’s development slate and to fortify its position as a local services provider, with Saudi Arabia seeing a recent influx of

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