Cultural Assets Group Acquires The Stage in Strategic Move to Enhance Community Engagement and Strengthen the Creative Cultural Sector

The Riyadh-based cultural center joins the Group’s portfolio, expanding opportunities for local communities, fostering dialogue, and driving growth in Saudi Arabia’s creative and cultural economy.

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Cultural Assets Group announced its acquisition of The Stage during the Cultural Investment Conference in Riyadh, held under the patronage of His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister. The strategic acquisition of The Stage, reinforcing the Group’s commitment to fostering community engagement and strengthening Saudi Arabia’s creative cultural sector.

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The Stage is a pioneering social and cultural center recognized for building specialized communities, encouraging dialogue, and creating meaningful impact. Since its establishment, it has organized over 1,000 dialogue sessions, welcomed more than 100,000 visitors, and hosted 500 events and 100 workshops, becoming a prominent platform in Saudi Arabia’s cultural ecosystem.

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Abdulaziz AlSulaim, CEO of Cultural Assets Group, said: “This acquisition marks a qualitative step for Cultural Assets Group. It reflects our belief that communities represent the true infrastructure of culture and underscores our ability to transform these communities into influential platforms that strengthen human connections and drive creative momentum.”

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Mohammed AlMousa, Founder and CEO of The Stage, added: “It has taken us considerable time to establish a leading brand, build loyalty around it,  and create meaningful engagement. Today, by joining Cultural Assets Group, we are excited to broaden our impact for individuals, and for  our partners across the public and private sectors.”

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The acquisition is part of the private investment fund launched by Cultural Assets Group with financing from the Cultural Development Fund. It reflects a commitment to creating dynamic cultural environments that embrace individuals and provide spaces for interaction and creativity, strengthening the sector’s vitality and leaving a lasting imprint.

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This step reaffirms the role of Cultural Assets Group in building an integrated ecosystem that nurtures cultural communities and fuels creative momentum, in alignment with the goals of Saudi Vision 2030 to build  a vibrant society and a thriving cultural sector that elevates the Kingdom’s global standing.

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About Cultural Assets Group

Cultural Assets Group is the largest privately-owned cultural and creative group in Saudi Arabia, dedicated to shaping the Kingdom’s cultural future through strategic investment, innovation, and ecosystem development. As an institutional leader, the Group builds and manages a portfolio of cultural enterprises and intellectual properties operating across a wide spectrum of the cultural and creative industry Through its subsidiaries and initiatives, the Group bridges creativity and capital, driving sustainable cultural growth that aligns with the goals of Saudi Vision 2030. Its mission is to elevate the economic value of cultural and creative industries, and leave a lasting impact by designing programs and subsidiaries that build legacies

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About The Stage

The Stage is a social and cultural center in Saudi Arabia that provides a space for community building, dialogue, and impact. Since its establishment, it has hosted more than 1,000 dialogue sessions, 500 events, and 100 workshops, attracting over 100,000 visitors and establishing itself as a leading platform in the Kingdom’s cultural and creative movement.