Vue to open 30 cinemas across Saudi Arabia

Vue is eyeing expansion in Saudi Arabia. (Photo courtesy of Vue)
Updated 13 February 2018
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Vue to open 30 cinemas across Saudi Arabia

LONDON: Vue International is set to open up to 30 multiplex cinemas in Saudi Arabia over the next three years after signing a deal with Riyadh-based Abdulmohsin Al-Hokair Holding Group.

The official memorandum of understanding signed on Monday follows the announcement last December that Saudi Arabia would lift the ban on commercial cinemas for the first time in 35 years.

Vue International has been in talks with Riyadh since last October, after the operator was the only cinema chain to be invited to the Future Investment Initiative event held that month.

“This is a huge moment in the history of global cinema development for the exhibition industry and we are honored to be partnering with such a well regarded and prestigious operator,” said Tim Richards, founder and chief executive, Vue International in an official statement.

“Cinema has been an exciting form of out of home entertainment for over 100 years and the opening up of the Kingdom is testament to the industry’s continuing growth and resilience.”
The first cinemas could be opened later this year, according to a Vue International release.

Al-Hokair Group is known in the region for building and operating leisure and hospitality complexes, and currently owns and operates three shopping centers, 79 entertainment centers and 45 hotels in Saudi Arabia, UAE, Turkey, and Egypt.


Pakistan says 64% of Ramadan relief package beneficiaries have received payments

Updated 7 sec ago
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Pakistan says 64% of Ramadan relief package beneficiaries have received payments

  • Government provides $47 each to eligible households via bank accounts, mobile wallets as part of $136 million package
  • Verification and validation process for remaining beneficiaries continuing at fast pace, officials tell PM Shehbaz Sharif 

ISLAMABAD: Pakistani officials told Prime Minister Shehbaz Sharif on Thursday that 64 percent of the beneficiaries of the government’s Rs38 billion [$136 million] Ramadan cash relief package have received payments so far, Sharif’s office said. 

The Prime Minister’s Ramadan Relief Package 2026, launched on Feb. 14, provides Rs13,000 ($47) each to eligible households through bank accounts and regulated mobile wallets, replacing the earlier utility-store subsidy model with a digital transfer system overseen by the State Bank of Pakistan.

The latest directive comes as Ramadan spending accelerates, with food purchases typically rising during the holy month, prompting the government to ensure payments reach families before household expenses increase further.

Sharif chaired a meeting to review the progress of the Ramadan Relief Package in Islamabad, the PMO said. 

“It was informed that by the 8th of Ramadan, 64 percent of beneficiaries had received their payments,” the PMO said.

“The verification and validation process for the remaining beneficiaries is continuing at a fast pace.”

Officials briefed the prime minister that this year, 12 banks and fintech companies are partnering with the government to distribute the funds.

“So far, beneficiaries have conducted 1.1 million digital transactions under the Ramadan package,” the PMO said, adding that 1.227 million automated calls have been made by the government to raise awareness among beneficiaries. 

Sharif’s office said the package is being distributed to beneficiaries across the country, including the northern Gilgit-Baltistan and Azad Jammu and Kashmir territories.

The digital transfer model for disbursement aims to move toward a targeted subsidy regime aligned with broader efforts to expand financial inclusion and reduce cash-based leakages.