Partners agree plan to open more cinemas in Kingdom

People are seen at Riyadh Park mall during the opening of a cinema on April 30, 2018. (REUTERS file photo)
Updated 01 February 2019
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Partners agree plan to open more cinemas in Kingdom

  • SEVEN group has commttted to develop and operate 50 movie theaters throughout the Kingdom

JEDDAH: A partnership agreement to open more cinemas in Saudi Arabia has been signed by business chiefs.

Abdullah bin Nasser Al-Dawoud, chairman of the Saudi Entertainment Ventures Co. (SEVEN), and Fouad Al-Rashed, CEO of Asala Holding Co., on Thursday put pen to paper on a deal to establish new AMC cinemas in several Saudi cities.

The agreement is part of SEVEN’s strategy to develop and operate 50 movie theaters throughout the Kingdom over the coming years.

SEVEN, a unit of the Kingdom’s Public Investment Fund (PIF), aims to drive the Saudi entertainment industry forward through its other strategic sectors, particularly leisure parks.

Real estate firm Hamat Property Co., the operating arm of Asala Holding Co., specializes in the ownership, development and management of shopping centers and commercial properties. The company’s portfolio includes 25 operating shopping malls in the Kingdom.

SEVEN recently announced the launch of its first family-friendly entertainment complex, in Riyadh. 

 


Saudia boss issues tribute to cabin crew killed in Sri Lanka bomb attacks

Updated 34 min 39 sec ago
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Saudia boss issues tribute to cabin crew killed in Sri Lanka bomb attacks

  • The airline announced on Monday that the two cabin crew had been killed in the attacks
  • The death toll in Sri Lanka rose to 321 on Tuesday and includes many nationalities

DUBAI: The director general of Saudi Arabian Airlines has paid tribute to the two cabin crew who were killed in Sunday’s terror attacks in Sri Lanka.

Cabin manager, Ahmed Zain Jaafari, steward Hani Maged Othman, were in one of the hotels when one of the attackers detonated his device on Sunday - a third crew member was slightly injured.

The two were initially unaccounted for, but on Monday night the airline released a statement confirming they had died.

In a statement issued to the airline’s staff and on the Twitter account on Tuesday, director general Saleh Bin Nasser Al-Jasser praised the two for their service to the company and country.

“Myself, the entire management team and all of the team members of Saudi Arabia Airlines are with very heavy hearts, filled with deep sorrow as the airline confirms that two of its cabin crew members have passed away in the explosions which took place in Colombo, Sri Lanka,” Al-Jasser said in the statement.

“Each have a long tenure supporting the airline. These two gentlemen whole-heartedly served their country and SAUDIA with great pride and loyalty. All of us mourn for Ahmed and Hani, who are our brothers for eternity and our hearts are filled with pain for the indescribable loss that their families are facing.”