The Cultural Development Fund signs an agreement to establish the first investment fund in the fashion sector, with a size of SAR 300 million, in partnership with Merak CapitalRIYADH, Saudi Arabia, Oct. 01, 2025 (GLOBE NEWSWIRE) -- Under the patronage of His Highness Prince Bader bin Abdullah bin Farhan Al Saud, Minister of Culture and Chairman of the Board of Directors of the Cultural Development Fund, CDF today signed an agreement to establish the Kingdom’s first dedicated investment fund in the fashion sector, with a total capital of SAR 300 million. The announcement was made during the Cultural Investment Conference organized by the Ministry of Culture at the King Fahad Cultural Center in Riyadh, held under the patronage of His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister.
With Financing from the Saudi Cultural Development Fund, Cultural Assets Group Launches SAR 850 Million Investment Fund Dedicated to Cultural SectorRIYADH, Kingdom of Saudi Arabia, Sept. 30, 2025 (GLOBE NEWSWIRE) -- The Cultural Assets Group announced today at the Cultural Investment Conference 2025 the launch of a private, closed-end investment fund dedicated to cultural sectors in the Kingdom, with a total value of SAR 850 million, including SAR 200 million in financing from the Cultural Development Fund (CDF).
