AMC is the largest cinema operator in the world and a leader in entertainment, delivering the best movie-going experience in the industry. AMC, backed by its majority shareholder The Wanda Group, entered into a partnership with Saudi Entertainment Ventures Company (SEVEN), a subsidiary of the Public Investment Fund of Saudi Arabia (PIF). AMC plans to open approximately 50 cinemas in 15 cities in Saudi Arabia over the next five years, and a total of 50-100 cinemas in approximately 25 Saudi cities by 2030.