King Salman ordered the lifting of a 35-year cinema ban in the country earlier this month.
“Born a King” tells the true story of when King Faisal was sent to England at the age of 14 to negotiate with prominent British leaders, including Lord Curzon and Winston Churchill.
It is currently being filmed in the UK and is expected to be completed in February. It is expected to be screened in Riyadh before its international release.
In a historical decision to lift the ban on cinemas in the Kingdom announced on Monday, movie theaters will open for the first time in 35 years in March 2018, with 2,000 screens expected to be installed within 12 years.
The Saudi government anticipates that this decision will contribute to the diversification of the Saudi economy by creating more than 30,000 jobs.
Meanwhile, US cinema firm - IMAX is close to sealing a deal that could see it open cinemas in Saudi Arabia.
The cinema technology firm’s chief executive Richard Gelfond said that he hopes to open up to 20 theatres in the conservative country within three years.
"Since the market is not that price sensitive, and likes premium luxury goods, this will be a strong market for IMAX," Mr Gelfond added.
(Excerpts from independent.co.uk and gulfnews.com)