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Leejam Sports Co opens two outlets in Yanbu

Leejam Sports Co opens two outlets in Yanbu
The outlets’ financial impact is expected to appear in the fourth quarter of 2018
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1830.O
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Riyadh – Mubasher: Leejam Sports Company has inaugurated two outlets in the Saudi city of Yanbu with total investments of SAR 36 million.

The two centres, which include one for men and the other for women, span a total area of 16,440 square metres, according to a statement to the Saudi Stock Exchange (Tadawul) on Monday.

The outlets’ financial impact is expected to appear in the fourth quarter of 2018, the Saudi Arabian sports and fitness business noted. 

Leejam Sports further noted that it opened 13 centres in 2018, while its total number of outlets in Saudi Arabia and abroad reached 116.

On Monday, 10 September, Tadawul announced listing and trading on Leejam Sports Company’s shares under the symbol 1830 to mark the first offering in Saudi bourse this year.

In October, the firm stated that net profit after zakat and tax for the first nine months of 2018 reached SAR 126.23 million, compared to SAR 125.71 million ($33.51 million) in the year-ago period.

By 1:04 pm Saudi time, Leejam Sports Company’s stock inched up 0.39% to SAR 50.80.