Mukta A2 Cinemas enters into settlement to ascertain and function cinemas within the Kingdom of Saudi Arabia : Bollywood News

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After increasing its companies in India and internationally, Mukta Arts Ltd. by way of its Bahrain subsidiary, Mukta A2 Multiplex W.L.L. has entered into an settlement with Al-Othaim Investment Company to ascertain and function cinemas throughout the Kingdom of Saudi Arabia. The partnership highlights the synergies between the actual property footprint of the Al-Othaim group and the expertise of Mukta A2 Cinemas throughout the worth chain within the film exhibition enterprise.

Mukta A2 Cinemas enters into settlement to ascertain and function cinemas within the Kingdom of Saudi Arabia

Sharing his response on the identical, Rahul Puri, Managing Director, Mukta Arts Ltd., commented, “We are thrilled to be partnering with the Al-Othaim group to help build out the Kingdom of Saudi Arabia’s fledgling exhibition market. We are excited to add our experience and ethos in providing world-class entertainment to the region to follow up the stellar success we have found in Bahrain with the properties we manage there. We are deeply committed to this project and are humbled by the faith shown in us. We look forward to the partnership and the value it brings.”

“Strategically positioned within Saudi Arabia, the key focal points for expansion lie in the burgeoning Tier 2 and 3 cities, which are experiencing dynamic growth as part of the Vision 2030 initiative. Mukta, while not currently engaged in direct investment, has strategically positioned itself through contractual agreements solely focused on providing Management and Operations services, aligning seamlessly with the evolving landscape of these emerging markets,” he additional added.

Akshay Bajaj, COO, ME, Mukta A2 Cinemas, added, “We look forward to the synergies of our partnership with the Al-Othaim group and to provide movie-goers with unrivalled experiences as Saudi Arabia increases its ever-growing cultural and entertainment offerings.”

This additional boosts the growth plans for the cinema exhibition enterprise of Mukta Arts Limited, which already has in its management over 100 screens, i.e. by way of Mukta A2 Cinemas Limited, subsidiary firm, Mukta A2 Multiplex WLL, subsidiary at Bahrain and by way of its Joint Ventures.

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