Leejam's $5m Fitness Time centre opens in Saudi Arabia's Abha
Financial impact of 129th store to be reflected in Q1 2019 figures, listed sports company says to Saudi bourse
Leejam Sports Company’s sports centre network Fitness Time announced the completion of a $4.8m (SAR18m) outlet in Abha.
According to Leejam, the financial impact of the outlet’s launch will be reflected in its figures for Q1 2019.
With the launch of the Abha centre, the total number of Fitness Time-branded outlets in Saudi Arabia and beyond has now increased to 129.
Leejam offers 15.7 million ordinary shares, and is the operator of various Fitness Time-branded centres, such as Plus, Pro, Junior, Academy, Ladies, and Ladies Pro, in Saudi Arabia and the UAE.
Fitness Time Plus is a particularly interesting concept by the homegrown Saudi Arabian brand, since it has been specially designed for high net-worth individuals.