iPic® Entertainment Has Been Cleared to Receive its License to Operate Theaters in The Kingdom of Saudi Arabia
IPIC ENTERTAINMENT INC A (IPIC)
US:NASDAQ Investor Relations:
globenewswire.com/news-release/2018/02/01/1330161/0/en/ipic-entertainment-announces-closing-of-its-initial-public-offering.html
Company Research
Source: GlobeNewswire
Plans First Location to Open in 2019 BOCA RATON, Fla., Nov. 06, 2018 (GLOBE NEWSWIRE) -- iPic® Entertainment (“iPic” or the “Company”) (NASDAQ: IPIC), America’s premier luxury restaurant-and-theater brand, today announced that it has been cleared to receive a license to operate theaters in The Kingdom of Saudi Arabia and should receive it once required final documents are processed. The Company also plans to open its first one-of-a-kind, world-class luxurious iPic® theater-and-restaurant location in Riyadh during 2019. The Kingdom of Saudi Arabia is now allowing movie theaters to open for the first time in more than 35 years. With a population of more than 33 million and roughly two-thirds of it under 30 years of age, the country’s demographics play into iPic®’s strength as a social entertainment destination that is also an affordable luxury. The Company looks forward to bringing its first-class entertainment experience to the people of Saudi Arabia as part of its international ex
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