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المشهد العربي
Cinema industry targets 3.6B riyals in revenue by 2028
Sneomi Centers Company expects to achieve revenues of up to 3.6 billion Riyals by 2028, with a growth in earnings before interest, taxes, depreciation, and amortization exceeding 60% compared to 2025. The company is focusing on major projects, especially "Westfield Jeddah" and "Westfield Riyadh," which will significantly contribute to increased revenues and cash flows over the next three years, with the "Westfield Jeddah" project recording a pre-lease rate of 96%. The company confirms that this year is witnessing the peak of investments, with expectations of gradual improvement in the balance between costs and returns.
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