Telfaz 11

Telfaz11, considered one of Saudi Arabia’s fastest-growing content material teams, has secured a multi-million-dollar funding line from a consortium of high-profile native financiers.

Riyadh-based Telfaz11 was on the forefront of Saudi Arabia’s YouTube youth content material revolution within the early 2010s. Co-founders Alaa Yousef Fadan, Ali Al Kalthami and Ibrahim Al Khairallah are actually within the technique of increasing their operations into high-end drama and have movie.

The funding consortium is led by burgeoning Saudi exhibition chain Muvi Cinemas, which took an undisclosed stake in Telfaz11 earlier this 12 months as a part of a strategic partnership aimed toward boosting the creation of native content material.

Different traders embrace The AlHusseini Group and Mohammad Al Turki by means of Al Rawabi Holding.

Al Turki is an entrepreneur and movie producer whose credit embrace Arbitrage, What Maisie Knew and 99 Properties. He can also be the chairman of the Crimson Sea Worldwide Movie Competition committee.

“That is now our second vital cope with Telfaz11 who’ve confirmed to be wonderful companions who share our imaginative and prescient for rising cinema all through the dominion,” mentioned Muvi Cinemas CEO Sultan AlHokair. “Their confirmed observe report for achievement sits upon a basis of a transparent imaginative and prescient for the best way to produce each commercially viable content material, in addition to programming that’s inventive and with a message.”

The precise determine for the consortium’s funding was unspecified however Telfaz11 will use the brand new financing line to increase Telfaz11 Studios’ capabilities in addition to construct its improvement and manufacturing slate. The finance bridge will even allow Telfaz11 to strengthen its place as Saudi Arabia’s main inventive companies supplier. 

“We’re targeted on being a premiere vacation spot for filmmakers and expertise all through the world, and this new spherical of funding additional solidifies our aim of being an efficient accomplice for Saudi Arabia’s new wave of filmmakers, auteurs, actors, actresses and producers throughout movie, tv and digital content material,” mentioned Fadan.

The brand new funding line follows a variety of game-changing developments for Telfaz11 during the last 18 months, together with an eight-picture cope with Netflix, the Muvi partnership and the latest acquisition of impartial movie firm Final Scenes Movies, which was announced earlier this week, to bolster its characteristic filmmaking capability. 

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