Riyadh-based asset management firm Audi Capital has announced the launch of the Audi Capital MENA Art Fund, the first-ever art investment fund to be regulated by the Capital Market Authority (CMA) in Saudi Arabia and the wider MENA region. The landmark initiative was unveiled at the inaugural Cultural Investment Conference in Riyadh and is open exclusively to institutional and qualified clients.
Bridging Finance and Culture
The fund offers a unique proposition by blending investment with cultural preservation, primarily focusing on modern and contemporary works from established and blue-chip artists across Saudi Arabia and the MENA region. A portion of the fund will also be allocated to global art. “Art has long been a powerful medium for storytelling,” stated Daniel Asmar, CEO of Audi Capital. “Through this Fund, we are not only investing in masterpieces but also in the narrative of our region’s artistic evolution.”
Fostering a Collector Community
Beyond financial returns, the Audi Capital MENA Art Fund is designed to build a dynamic community for art enthusiasts and investors. The firm plans to host exclusive quarterly events, bringing together collectors, experts, and industry leaders to discuss market trends and discover emerging talent. This approach aims to create an engaged network that actively contributes to the growth of the regional art ecosystem.
Supporting a National Vision
This initiative directly supports Saudi Arabia’s strategic efforts to enrich its cultural landscape and strengthen its creative economy. By providing a regulated platform for art investment, the fund aims to elevate the profile of MENA art, positioning it as a significant and credible asset class in the global market and contributing to the Kingdom’s cultural development goals.
About Audi Capital
Audi Capital is a fully-fledged financial institution established in Saudi Arabia and licensed by the Capital Market Authority (CMA) since 2006. The firm provides a range of services including dealing, arranging, investment management, advisory, and custody. Operating in compliance with Saudi regulations and aligned with global best practices, Audi Capital is dedicated to providing personalized financial solutions in wealth and asset management.
Source: Zawya
