Logo of Leejam Sports Co.
Leejam Sports Co. (Fitness Time) opened today, May 21, a new men-only fitness center in Riyadh. It will operate via a low-cost, around-the-clock operating model, according to a statement to Tadawul.
This marked the 28th Xpress Fitness Center to be rolled out under the Fitness Time Xpress brand since its launch in November 2020. The 804-square-meter (sqm) center is located on King Abdullah Road, Ishbilia district, Riyadh.
The related financial impact will be reflected on financial statements as of Q2 2023, the company noted.
In a separate Tadawul statement, Fitness Time unveiled the inauguration of another men-only fitness center in Jeddah’s Al Salehiyah District. It covers a total area is 1,250 sqm.
The related financial impact will appear as of Q2 2023, the company noted.
This brings the company’s total number of fitness centers operating inside and outside the Kingdom to 161, it added, stressing that related announcements will be made in the coming weeks.
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