MAM
Mukta A2 Cinemas to establish cinemas in Saudi Arabia
Mumbai: After expanding its businesses in India and internationally, Mukta Arts Ltd. through its Bahrain subsidiary, Mukta A2 Multiplex W.L.L. has entered into an agreement with Al-Othaim Investment Company to establish and operate cinemas across the Kingdom of Saudi Arabia. The partnership highlights the synergies between the real estate footprint of the Al-Othaim group and the experience of Mukta A2 Cinemas across the value chain in the movie exhibition business.
Mukta Arts Ltd. managing director Rahul Puri commented, “We are thrilled to be partnering with the Al-Othaim group to help build out the Kingdom of Saudi Arabia’s fledgling exhibition market. We are excited to add our experience and ethos in providing world-class entertainment to the region to follow up the stellar success we have found in Bahrain with the properties we manage there. We are deeply committed to this project and are humbled by the faith shown in us. We look forward to the partnership and the value it brings.”
“Strategically positioned within Saudi Arabia, the key focal points for expansion lie in the burgeoning Tier 2 and 3 cities, which are experiencing dynamic growth as part of the Vision 2030 initiative. Mukta, while not currently engaged in direct investment, has strategically positioned itself through contractual agreements solely focused on providing Management and Operations services, aligning seamlessly with the evolving landscape of these emerging markets,” he further added.
Mukta A2 Cinemas COO of ME Akshay Bajaj commented, “We look forward to the synergies of our partnership with the Al-Othaim group and to provide movie-goers with unrivaled experiences as Saudi Arabia increases its ever-growing cultural and entertainment offerings.”
This further boosts the expansion plans for the cinema exhibition business of Mukta Arts Ltd, which already has in its control over 100 screens, i.e. through Mukta A2 Cinemas Ltd, subsidiary company, Mukta A2 Multiplex WLL, subsidiary at Bahrain and through its joint ventures.
Brands
FSS names Anand Krishnamurthi head of global digital delivery
Tech veteran to drive AI-first, cloud-led transformation in payments globally
CHENNAI: Financial Software and Systems (FSS), an AI-first payment infrastructure company, has appointed Anand Krishnamurthi as head of global digital delivery.
In his new role, Anand Krishnamurthi will lead FSS’s global digital delivery capabilities, focusing on AI-first and cloud-led transformation while ensuring predictable, high-quality outcomes for customers worldwide. He will be based in Chennai and report to V. Balasubramanian, CEO of FSS.
Bringing 28 years of experience in technology and digital transformation across banking, capital markets, financial services, and insurance, Anand has held senior leadership positions at Cognizant and NuSummit. He is recognised for scaling multi-geography delivery teams, leading mission-critical platforms, and embedding AI-driven automation in complex, regulated environments.
“What drew me to FSS is its deep payments expertise, strong product DNA, and the scale at which its platforms power real-world financial ecosystems,” said Anand Krishnamurthi. “I aim to strengthen delivery predictability, execution rigor, and engineering quality, building empowered teams that deliver measurable customer outcomes. FSS has a unique opportunity to create real-time, AI-infused payments infrastructure that is resilient, secure, and globally scalable.”
V. Balasubramanian added, “Anand’s track record in leading multi-geography delivery programs and AI-first operating models makes him the ideal leader for FSS as we accelerate our AI-driven digital payments business. His leadership will help us raise the bar for outcomes globally.”
This appointment is part of FSS’s broader push to build an AI-powered, cloud-native delivery organisation capable of meeting the evolving needs of banks, fintechs, and financial institutions worldwide.
