INSEAD Day 4 - 728x90

Mashreq Q1 profit rises

Total revenue increased 10% year-on-year.

TECOM profit climbs

High occupancy across assets boosts earnings.

Emirates Stallions Q1 revenue up 11%

The rise helped by strong demand in real estate

ADNOC Distribution 2025 dividend $700m

The company had reported EBITDA of $1.17 bn in 2025.

Empower okays $119.1m H2 2025 dividend

The dividend is equivalent to 43.75% of paid-up capital.

Indian film company to operate cinemas in Saudi Arabia

Saudi woman enters in a movie theatre at a cinema in the Saudi capital Riyadh, on June 22, 2020. AFP
  • We are thrilled to contribute our expertise and commitment to delivering top-notch entertainment within the region, Rahul Puri, MD, said.
  • Puri added that their strategy revolves around contractual agreements geared toward providing superior management and operational services

Dubai, UAE – Mukta A2 Multiplex WLL, the international subsidiary of Mukta Arts, one of India’s leading film production houses, has signed an agreement with Al-Othaim Investment Company to operate cinemas across Saudi Arabia, Indian publication The Hindu Business Line reported on Thursday. The move expands the company’s footprint in the region, following its successful venture in Bahrain.

“We are thrilled to contribute our expertise and commitment to delivering top-notch entertainment within the region, building on the remarkable success we’ve achieved in Bahrain,” Rahul Puri, Managing Director of Mukta, said. quoted by the newspaper. “The trust placed in us is truly humbling, and we are fully dedicated to this venture, valuing the partnership immensely.”

Puri added that while they’re not currently involved in direct investment, their strategy revolves around contractual agreements geared toward providing superior management and operational services.

Akshay Bajaj, Chief Operating Officer, Middle East for Mukta A2 Cinemas, promised to offer movie-goers unparalleled experiences, aligning with Saudi Arabia’s progressive cultural and entertainment advancements.