Alhokair Group JV opens 2 movie theatres in Dammam, Jeddah

05/01/2021 Argaam

AlHokair Group logo

Abdulmohsen Alhokair Group for Tourism and Development’s (Alhokair Group) 31%-owned joint venture (JV), Luxury Entertainment LLC, inaugurated its first two movie theatres in the Kingdom on Jan. 4, 2021, under Cinepolis brand.

 

One of the theatres was opened at Lulu Mall in Dammam, which includes seven movie screens with 636 seats. The other is located at Al Jamea Plaza in Jeddah and comprises eight movie screens with a seating capacity of 892, the company said in a bourse statement.

 

All precautionary and preventive measures issued by the Ministry of Health will be applied in order to preserve the health and safety of the visitors, the statement added.

 

The new openings are part of the company’s ambitious plan to expand its cinema business within Saudi Arabia in the coming years.

 

The financial impact is expected on the company’s results in Q1 2021.

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