Leejam’s major shareholder announces transfer of 4.9 mln shares to family members

11/03/2021 Argaam

A branch of Leejam Sports Co.

Leejam Sports Co. (Fitness Time) announced today, March 11, receiving a notification from Hamad bin Ali Al-Saqri, one of the company's founders and a major shareholder, on transfer ownership of 4.9 million shares to several family members.

 

Accordingly, Al-Sagri's ownership decreased to 51.1% from 60.46%, the company said in a bourse filing.

 

The changes in major shareholders' ownership data on Tadawul showed on March 10, 2021, that Al-Sagri's equity in Leejam Sports declined by 9.36%, from 60.46% to 51.10%.

 

Leejam has a capital of SAR 523.83 million and debuted on Tadawul in September 2018.

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