The Saudi film From the Ashes is inspired by a real-life story that revolves around a fire that sparks in the basement of an all-girls school. Photo: Netflix
The Saudi film From the Ashes is inspired by a real-life story that revolves around a fire that sparks in the basement of an all-girls school. Photo: Netflix
The Saudi film From the Ashes is inspired by a real-life story that revolves around a fire that sparks in the basement of an all-girls school. Photo: Netflix
The Saudi film From the Ashes is inspired by a real-life story that revolves around a fire that sparks in the basement of an all-girls school. Photo: Netflix

Netflix original From the Ashes is Saudi Arabia's biggest global hit yet


William Mullally
  • English
  • Arabic

Netflix original From the Ashes, which hit the popular streaming platform last month, is officially the most globally resonant film that Saudi Arabia has produced since launching its industry, The National can confirm.

In its first weeks of release, the movie reached the Netflix non-English top 10 films list in 37 countries worldwide, doing particularly well in Latin America. In its second week, the film trended across Mexico, and nearly all of central and South America.

The film has also reached weekly top 10 lists in Jamaica, Luxembourg, Spain, Egypt, Nigeria and Trinidad and Tobago, proving its popularity across five continents.

Accumulating 7.6 million views and 11.6 million hours viewed as of February 4, the film outpaces the platform's other hits from Saudi Arabia according to public records, though may not have yet passed those films in total views, as each had sustained popularity within the kingdom in the months after release.

The school’s principal, played by Saudi actress Shaima Al Tayeb (Hajjan), is one of the standout characters of the film. Photo: Netflix
The school’s principal, played by Saudi actress Shaima Al Tayeb (Hajjan), is one of the standout characters of the film. Photo: Netflix

From the Ashes was made by Saudi filmmaker Khalid Fahad, who also directed 2023’s theatrical release Valley Road, a family adventure film.

Speaking to The National about the film’s success, Fahad says: “I think people around the world want to see Saudi culture.”

“These stories come from our hidden culture,” he says. “Many people don’t know what our lives are like here, so the basic stories about our regular life or what’s happened to us before now is something people want to know. This proves that there’s global curiosity to know about our culture, about our stories, about our people.”

Khalid Fahad's award-winning film Valley Road was released in 2023. Photo: Khalid Fahad
Khalid Fahad's award-winning film Valley Road was released in 2023. Photo: Khalid Fahad

Fahad had thus far been amazed by the attention he has received, with people reaching out to him from countries around the world.

“I had someone from Korea telling me he watched it and heard people talking about it, and have heard the same from friends in Spain. It also shows the power of Netflix, much like La Casa de Papel went far beyond Spain,” he says.

“I’ve learnt a lot from this experience. People don’t just want stories that are related to them, and their local audience isn’t as insular as they think. People from across the world want to learn about different people, and hear new stories. That makes me so happy, because here in Saudi Arabia, we still have lots of stories we want to tell to the world.”

Faisal Baltyuor, the film's producer and the former head of the Saudi Film Council (now Saudi Film Commission), has also been and deeply proud of the film's success, echoing Khalid's belief that the film's cultural authenticity has attracted international viewers, as well as its blend of genre.

"I am grateful for all the team’s hard work including the film crew and cast who made this happen, and Netflix for their support. Having our film on Netflix allowed us to reach a global audience and gave the film a strong push from the beginning," Baltyuor tells The National.

Inside Saudi Arabia's growing film industry

It’s been nearly six years since Saudi Arabia announced its intentions to start a home-grown industry, and in that time, the country has already produced a wide crop of emerging talent, as well as an ever-growing number of successful projects.

Netflix has been producing original content in the region since 2019’s Jordan-set series Jinn, but has put strong priority on the Gulf in recent years.

The last year alone has seen the platform take strong advantage of Saudi’s burgeoning industry, with original films including Khallat+ and Naga, both from pioneering Saudi production company Telfaz11, and Head to Head from Sirb Productions, made with the team behind animated hit Masameer.

Khallat+, released a year ago, is an anthology film comprising four stories. Photo: Netflix
Khallat+, released a year ago, is an anthology film comprising four stories. Photo: Netflix

Each of the three films has been successful on the platform, with all hitting the Netflix global top 10 for non-English language films.

Their latest release, From The Ashes, has outpaced each of those in its first three weeks of release, particularly abroad.

On traditional platforms, Saudi films have also experienced domestic success in terms of sustained box office performance. Sattar, for example, also from Telfaz11, sold nearly a million tickets last year becoming the third best-selling film in the country’s history, behind Top Gun: Maverick and Spider-Man: No Way Home. It did not repeat that success outside of the kingdom, possibly because part of the draw was it contained characters familiar from years of YouTube sketches.

Wadjda (2012) is directed by Haifaa Al Mansour, who is considered the first female Saudi filmmaker. AP
Wadjda (2012) is directed by Haifaa Al Mansour, who is considered the first female Saudi filmmaker. AP

Haifaa Al Mansour’s Wadjda, released in 2012, was a box office hit at the time globally, taking in $6.5 million. Its biggest markets were Germany, where it brought in nearly $1.8 million, and the US, where it brought in more than $1.3 million. Based on average prices at the time, this equates to roughly 800,000 tickets sold.

That film, like From the Ashes, also featured a young female cast. Speaking to The National in 2021, the filmmaker highlighted how powerful that Saudi's film industry has been in empowering the nation's women.

“Cinema gave me my voice,” she said. “As a woman, I grew up in Saudi at a time when women and culture were not at the centre. Now we are at the centre. It is a new page, we will lead the country.”

Sarfira

Director: Sudha Kongara Prasad

Starring: Akshay Kumar, Radhika Madan, Paresh Rawal 

Rating: 2/5

The Byblos iftar in numbers

29 or 30 days – the number of iftar services held during the holy month

50 staff members required to prepare an iftar

200 to 350 the number of people served iftar nightly

160 litres of the traditional Ramadan drink, jalab, is served in total

500 litres of soup is served during the holy month

200 kilograms of meat is used for various dishes

350 kilograms of onion is used in dishes

5 minutes – the average time that staff have to eat
 

Ten tax points to be aware of in 2026

1. Domestic VAT refund amendments: request your refund within five years

If a business does not apply for the refund on time, they lose their credit.

2. E-invoicing in the UAE

Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption. 

3. More tax audits

Tax authorities are increasingly using data already available across multiple filings to identify audit risks. 

4. More beneficial VAT and excise tax penalty regime

Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.

5. Greater emphasis on statutory audit

There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.

6. Further transfer pricing enforcement

Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes. 

7. Limited time periods for audits

Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion. 

8. Pillar 2 implementation 

Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.

9. Reduced compliance obligations for imported goods and services

Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations. 

10. Substance and CbC reporting focus

Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity. 

Contributed by Thomas Vanhee and Hend Rashwan, Aurifer

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The Emirates is the world’s third largest per capita water consumer after the US and Canada.

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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

Fund-raising tips for start-ups

Develop an innovative business concept

Have the ability to differentiate yourself from competitors

Put in place a business continuity plan after Covid-19

Prepare for the worst-case scenario (further lockdowns, long wait for a vaccine, etc.) 

Have enough cash to stay afloat for the next 12 to 18 months

Be creative and innovative to reduce expenses

Be prepared to use Covid-19 as an opportunity for your business

* Tips from Jassim Al Marzooqi and Walid Hanna

Updated: February 13, 2024, 1:48 PM