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Saudi Fitness Time opens SAR 18m branches in Jeddah

Saudi Fitness Time opens SAR 18m branches in Jeddah
The financial impact of the opening of these centres will be shown as of the second quarter of 2019
FITNESS TIME
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Riyadh – Mubasher: Leejam Sports Co (Fitness Time) on Sunday announced the opening of two new centres in the Saudi city of Jeddah.

Spanning 6,690 square metres, the branches were built with SAR 18.4 million in investments, the company said in a statement to the Saudi Stock Exchange (Tadawul).

The financial impact of the opening of these centres will be shown as of the second quarter of 2019, according to the statement.

The Saudi Arabian sports and fitness business firm has opened seven centres this year, reaching a total number of 133 branches operating inside and outside the Kingdom.

In February, the Saudi-based company unveiled the inauguration of a new branch for men in Abha region with around SAR 18 million in investments.