Asseri Appointed as Interim CEO of Red Sea Film Foundation

Interim CEO of the Red Sea Film Foundation Mohammed Asseri
Interim CEO of the Red Sea Film Foundation Mohammed Asseri
TT

Asseri Appointed as Interim CEO of Red Sea Film Foundation

Interim CEO of the Red Sea Film Foundation Mohammed Asseri
Interim CEO of the Red Sea Film Foundation Mohammed Asseri

Mohammed Al-Turki has stepped down from his role as CEO of the Red Sea Film Foundation and will transition to an advisor to the Foundation.

He will continue to support the leadership team while refocusing on his personal projects and career as an independent film producer and businessman.

In the interim, Mohammed Asseri, a former board member of the Red Sea Film Foundation, will step in as acting CEO as the search for Al-Turki’s successor is underway.

The announcement comes on the heels of a landmark Cannes Film Festival for the Foundation, which saw four titles supported by the organization selected for the festival. Among these was Tawfik Alzaidi’s “Norah,” which had its world premiere at the 2023 Red Sea International Film Festival.

“Norah” made history as the first Saudi film chosen for the festival’s Official Selection, receiving a Special Mention in the prestigious Un Certain Regard section.

Other notable projects included at Cannes were Mahdi Fleifel’s “To a Land Unknown” (Director’s Fortnight), Emma Benestan’s “Animale” (Cannes Critics Week), and Nada Riyadh and Ayman El Amir’s “The Brink of Dreams” (Cannes Critics Week), which won the L’Œil d’or (Golden Eye Award) for Best Documentary at the 2024 Cannes Film Festival.

Jomana Alrashid, Chairwoman of the Red Sea Film Foundation, reflected on this transition: “As we move forward, we acknowledge the relentless efforts of our team and express our gratitude to Mohammed Al-Turki for his pivotal role in leading the Foundation.”

“We look forward to his continued success as one of Saudi Arabia’s most prominent film executives and welcome new leadership to the Foundation, alongside our Managing Director Shivani Pandya Malhotra,” she added.

Al-Turki added: “Working with the Foundation through these three editions of the festival and establishing Saudi Arabia’s place on the global film industry stage has been an honor.”

“We have achieved so much, and as we approach our fourth edition, I feel it is the perfect time to transition. I am grateful for the bonds we have built and will continue to support my Red Sea Film Foundation family,” he noted.

The fourth edition of the Red Sea International Film Festival will take place in Jeddah, Saudi Arabia, from December 5 to 14.



Buyer Splashes Out $1.3 Million for Tokyo New Year Tuna

 The head of a 276-kilogram bluefin tuna that was auctioned for 207 million Japanese yen (about 1.3 million US dollars), which was bought jointly by sushi restaurant operator Onodera Group and wholesaler Yamayuki, is carried by a sushi chef at an Onodera sushi restaurant after the first tuna auction of the New Year in Tokyo, Japan January 5, 2025. (Reuters)
The head of a 276-kilogram bluefin tuna that was auctioned for 207 million Japanese yen (about 1.3 million US dollars), which was bought jointly by sushi restaurant operator Onodera Group and wholesaler Yamayuki, is carried by a sushi chef at an Onodera sushi restaurant after the first tuna auction of the New Year in Tokyo, Japan January 5, 2025. (Reuters)
TT

Buyer Splashes Out $1.3 Million for Tokyo New Year Tuna

 The head of a 276-kilogram bluefin tuna that was auctioned for 207 million Japanese yen (about 1.3 million US dollars), which was bought jointly by sushi restaurant operator Onodera Group and wholesaler Yamayuki, is carried by a sushi chef at an Onodera sushi restaurant after the first tuna auction of the New Year in Tokyo, Japan January 5, 2025. (Reuters)
The head of a 276-kilogram bluefin tuna that was auctioned for 207 million Japanese yen (about 1.3 million US dollars), which was bought jointly by sushi restaurant operator Onodera Group and wholesaler Yamayuki, is carried by a sushi chef at an Onodera sushi restaurant after the first tuna auction of the New Year in Tokyo, Japan January 5, 2025. (Reuters)

The top bidder at a Tokyo fish market said they paid $1.3 million for a tuna on Sunday, the second highest price ever paid at an annual prestigious new year auction.

Michelin-starred sushi restauranteurs the Onodera Group said they paid 207 million yen for the 276-kilogram (608 pound) bluefin tuna, roughly the size and weight of a motorbike.

It is the second highest price paid at the opening auction of the year in Tokyo's main fish market since comparable data started being collected in 1999.

The powerful buyers have now paid the top price for five years straight -- winning bragging rights and a lucrative frenzy of media attention in Japan.

"The first tuna is something meant to bring in good fortune," Onodera official Shinji Nagao told reporters after the auction. "Our wish is that people will eat this and have a wonderful year."

The Onodera Group paid 114 million yen for the top tuna last year.

But the highest ever auction price was 333.6 million yen for a 278-kilogram bluefin in 2019, as the fish market was moved from its traditional Tsukiji area to a modern facility in nearby Toyosu.

The record bid was made by self-proclaimed "Tuna King" Kiyoshi Kimura, who operates the Sushi Zanmai national restaurant chain.

During the Covid-19 pandemic the new year tunas commanded only a fraction of their usual top prices, as the public were discouraged from dining out and restaurants had limited operations.