Search Site

Trends banner

Oracle shares up 35%

Huge AI contracts lead to the surge.

ADCB to raise $1.66bn

The rights issue aimed at boosting growth.

EGA H1 revenue $4.11bn

Net profit before GAC $445 million.

Borouge to pay $660m H1 dividend

Its net profit for H1 was $474 million.

TAQA secures $2.31bn loan

It will be utilized in a phased manner.

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.