RIYADH, Saudi Arabia and LOS ANGELES, April 10, 2019 /PRNewswire/ -- The Saudi Entertainment Ventures Company (SEVEN), fully owned by the "Public Investment Fund (PIF)," today announces the appointment of Jennifer Hanser as EVP, Strategy and M&A.
Hanser joins the rapidly expanding entertainment group after the organization recently announced plans to create the first 100,000 square meters purpose-built entertainment complex in the Kingdom.
Jennifer's stellar two-decade career in the US spans some of the world's most well-renowned organizations. Beginning in the year 2000 as a Financial Analyst with Deutsche Bank, she has enjoyed success working with Merrill Lynch, AOL, FIFA, MLB Advanced Media and Sony Music Entertainment. The English- and Spanish-speaking executive holds a BA in Latin American Studies from John Hopkins University.
Hanser is a seasoned executive, leading top-tier, global firms ahead of trends to drive change across industries. Chairman of the Board of Directors of Saudi Entertainment Ventures, Abdullah bin Nasser Al-Dawood, said: "Jennifer has a strong track record of building relationships with key stakeholders from varied disciplines to yield highly-negotiated, well-structured deals that optimize alignment and drive results in competitive, regulated, international business environments."
"Jennifer joins us as we develop the most exciting, wide-ranging and ambitious plans for a new era in entertainment across the Kingdom. Her wide experience at all levels of seniority within some of the world's most well-known organizations – from Wall Street to Major League Baseball – gives her some unique and powerful insights into modern business strategy," said Bill Ernest, CEO of Saudi Entertainment Ventures.
Ernest added, "She will hold responsibility for ensuring our investments and project executions meet our vision and mission to be the leader in Saudi Arabia's burgeoning entertainment ecosystem."
The Fund expects SEVEN's national projects – beginning with the Riyadh-based entertainment complex and nationwide movie theatres – to welcome more visitors a year and provide more jobs.
The Saudi Entertainment Ventures (SEVEN) Company was established by the "Public Investment Fund (PIF)" in December 2017. It is the first entity to obtain a license for operating movie theaters in the Kingdom. The company launched the first cinema in Saudi Arabia after more than 35 years in partnership with U.S. based AMC Group, the largest cinema operator in the world.
As the key investment arm for entertainment on a Kingdom-wide level, The Saudi Entertainment Ventures strategy and focus is the PIF commitment to making entertainment and local community lifestyle available across the Kingdom. The Company is planning to invest in the entertainment sector, increase expansion, diversify the service offering and raise the quality based on international standards, in addition to building capacity and developing local talent in the entertainment field across the Kingdom.
SOURCE Saudi Entertainment Ventures Company