Topix: iPic Luxury Dine-In Exhibition Chain Sets MOU For Cinemas In Saudi Arabia

Boca Raton, Florida-based exhibitor and dine-in luxury chain iPic Entertainment looks set to be the next group moving into the opening Saudi Arabian market. The company has signed a memorandum of understanding to develop its theater-and-restaurant locations throughout the Kingdom in partnership with Saudi group BAS Global Investments Company. The deal demonstrates iPic's strategy to pursue international asset-light licensed agreements. Saudi recently lifted a 35-year ban...