Leejam Sports Company (Fitness Time) Announces Signing a Non-Binding Memorandum of Understanding with Ministry of Investment to Boost and Expand Investment in The Sports Field and Improve Quality of Life

5.68 %
1444/07/14     05/02/2023 16:23:20

Element ListExplanation
Introduction Leejam Sports Company (Fitness Time) (The Company) - The leading company in the field of sports in Saudi Arabia and the Middle East region, owner and operator of the Fitness Time brands chain - is pleased to announce the signing of a non-binding Memorandum of Understanding (the Memorandum) with the Ministry of Investment to boost and expand investment in the sports field and improve quality of life.
Memorandum Signing Date 2023-02-05 Corresponding to 1444-07-14
Counterparty Ministry of Investment.
Memorandum Subject Boost and Expand Investment in The Sports Field and Improve Quality of Life.
Memorandum Duration 3 Years from the memorandum signing date.
Related Parties No Related Parties.
Financial Impact There will be no financial impact.
Additional Information The memorandum of understanding aims to boost and expand investment in the field of sports, improve quality of life, create ways of cooperation to develop investment opportunities in specialized sports, and explore additional investment paths in cooperation with the Ministry of Investment. It also aims to attract new opportunities for strategic partnerships that serve the sports sector in the Kingdom. It also targets to enhance cooperation to increase the number of sports facilities through the initiatives and capabilities provided by the Ministry of Investment, in coordination and cooperation with the Investment Department of the Ministry of Sport.

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

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Last Price 174.8
Net Change 9.4 (+5.68%)
Value Traded (Sar) 58,364,433.2
Volume Traded 342,999
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