The CEO of Al-Othaim Cultural Company, Princess Nourah bint Faisal Al Saud, spoke in an important session during the 2024 MENA Conference for Shopping Centers and Retail Stores in Riyadh about modern retail assets and the role of culture in enriching the sector and growth opportunities for shopping centers. She also reviewed the latest trends, challenges, and solutions in the retail sector and its role in Saudi Arabia's Vision 2030.
Sport
The opening of the first branches of Othaim Sports Academies in Othaim Mall: a step towards achieving the Kingdom's Vision 2030
In a step that reflects its commitment to the Kingdom's Vision 2030 and the Quality of Life Program, Othaim Sports Company, a subsidiary of Othaim Investment Group, opened today the first branch of its sports academies in Othaim Mall Rabwa and Othaim Mall Khurais, to become a prominent landmark in the world of sports in the Kingdom by providing advanced facilities and global partnerships aimed at building distinguished sports generations. And honored by the Chairman of the Board of Directors of Othaim Investment Company Sheikh (Abdullah bin Saleh Al-Othaim), Mr. Bandar Al-Buhairi, Vice Chairman of the Board of Directors, Mr. Abdul Majeed Abdullah Al-Othaim, member of the Board of Directors, and many of the company's heads and various sectors. Othaim Sports Company seeks to establish and operate integrated international sports academies in all cities of the Kingdom, to provide a variety of sports for all age groups, including children, youth, and the elderly. Emphasizing its commitment to society, Sheikh Abdullah bin Saleh Al-Othaim, Chairman of the Board of Directors of Othaim Investment Company, approved the provision of free lifetime subscriptions for the Kingdom's children of determination and special needs, as part of its efforts to support inclusiveness and enable all groups to practice sports. The academies feature strategic partnerships with international operators, prestigious sports brands and world champions, ensuring the highest standards of training and the use of the latest technology to enhance physical strength and fitness. Local and international talent will also be attracted, with the aim of discovering and developing sports talent in the Kingdom. The company also announced its ambitious future plans, where strategic projects with sports areas exceeding 40,000 square meters will be implemented in various cities of the Kingdom, with investments of up to 130 million riyals over the next two years. Commenting on this achievement, the CEO of Othaim Sports Company (Eng. Almohannad Al-Zubi) said, "We believe that sport unites people around the world. Through Othaim Sports Academies, we aspire to make a positive impact not only locally, but also philanthropic and sporting initiatives globally." This step is the beginning of a long journey of work to develop sports and enhance the quality of life in the Kingdom, reflecting Othaim Company's commitment to contribute to achieving Vision 2030 and providing a world-class sports experience for all members of society.
Cinema
Opening of Noir Cinema Branch in Khafgi City
With great pride, we announce the grand opening of the first Noir Cinema branch in Khafgi City, under Al Othaim Investment Company. This modern cinema aims to redefine the movie-watching experience for our community. With the latest films, cutting-edge technology, and comfortable seating, Noir Cinema seeks to create a unique atmosphere for film lovers. Join us to celebrate this achievement and bring the magic of cinema closer to home. We look forward to welcoming everyone to enjoy thrilling movies and unforgettable moments!