Al Hokair Group opens two cinemas in Saudi

The kingdom opened its first cinemas in 2018 as part of an initiative to develop its entertainment sector

  
Saudi people are seen at Riyadh Park mall during the opening of a cinema, in Riyadh, Saudi Arabia April 30, 2018. REUTERS/Faisal Al Nasser. Image used for illustrative purpose.

Saudi people are seen at Riyadh Park mall during the opening of a cinema, in Riyadh, Saudi Arabia April 30, 2018. REUTERS/Faisal Al Nasser. Image used for illustrative purpose.

Two more cinemas have been opened in Saudi Arabia by Luxury Entertainment, a joint venture of Al Mohsen Al Hokair Group, (Al Hokair Group).

The two Cinepolis cinemas, in Dammam and Jeddah, were opened on Monday by Luxury Entertainment, a joint venture in which Al Hokair Group has a 31 percent share.

“Opening these two locations is part of the company’s ambitious plan to expand its cinema business in more cities around the Kingdom of Saudi Arabia in the coming years,” Al Hokair Group said in its statement.

The financial impact will be seen in the company’s first quarter of 2021 results, the statement said.

The decades-long ban on cinemas in the kingdom ended when the first movie theatres were opened there in April 2018.

New screens continued to open in the country last year despite the heavy impact of the COVID-19 pandemic on live entertainment.

(Writing by Imogen Lillywhite; editing by Daniel Luiz)

(imogen.lillywhite@refinitiv.com)

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© ZAWYA 2021


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