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The Independent UK

National

Via AP news wire

AMC exits Saudi Arabia as young cinema market booms

AMC Saudi Arabia AMC Entertainment Holdings Entertainment Jamal Khashoggi Mohammed bin Salman

Copyright 2018 The Associated Press. All rights reserved.

AMC Entertainment Holdings, the world's biggest cinema chain, has decided to exit Saudi Arabia's fast-growing market in the face of intense competition.

The decision, announced Tuesday, comes less than five years after AMC opened the kingdom's first movie theater following a decades-long ban.

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