Malahi seeks 15 openings in Saudi in 2 years, plans TASI listing

08/05/2024 Argaam
Logo of Malahi Leisure Co.

Logo of Malahi Leisure Co.

Malahi Leisure Co. plans to open 15 new locations in the Kingdom within the next two years, Deputy CEO Ghaith Mazi stated, pointing to company's long-term goal to list on the main market (TASI).
 
In an interview with Bloomberg Middle East at the Saudi Entertainment and Amusement (SEA) Expo, Mazi confirmed that the company currently manages 13 family entertainment centers. Its current investment exceeds SAR 200 million, he noted, expecting this figure to double on the upcoming expansions and introduction of new products.
 
 
Additionally, during the SEA Expo, the company signed six agreements, evenly split between local and international firms. These deals are aimed at expanding Malahi's presence and the launch of a new product that will be announced soon.

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