Leejam Sports closes one Fitness Time Pro center in Tabuk

28/01/2021 Argaam

Leejam Sports Co. closed a men’s fitness center in Tabuk as of Jan. 31, 2021, the firm said in a statement to Tadawul.

 

The center, which operated under the brand ‘Fitness Time Pro’, is located on Jeddah Road in Tabuk city.

 

The company will record an impairment charge and rental obligation of SAR 1.8 million against the closure and it will be reflected on Q1 2021 financial results.

 

Member subscriptions of the closed center will be upgraded to allow them to access the nearest Fitness Time center.

 

Following this, the total number of Fitness Time centers operating inside and outside Saudi Arabia is 137, the company said.

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