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Leejam Sports Company (Fitness Time) Announces the Latest Developments Related to its Signing of a Memorandum of Understanding with Burjeel Holding Company to Start a Partnership in The Field of Physiotherapy and Sports Healthcare Services in The Kingdom of Saudi Arabia.
1830
LEEJAM SPORTS
2.41
%
1444/11/26 15/06/2023 08:41:39
| Element List | Explanation |
|---|---|
| Introduction | Referring to the announcement of Leejam Sports Company (Fitness Time or the company) on 15/07/1444 AH corresponding to 06/02/2023 regarding its signing of a memorandum of understanding with Burjeel Holding Company to start a partnership in the field of physiotherapy and sports healthcare services in the Kingdom of Saudi Arabia, the company announces the completion of Establishing a company named “Integrated Medical Care Services Company (Limited Liability Company)” (the new company), with a capital of one hundred thousand Saudi Riyals, in partnership with Burjeel Gulf Medical Care Company (a company wholly owned by Burjeel Holding Company). Leejam Sports Company's ownership percentage in the new company is 50%. |
| Previous Announcement | Leejam Sports Company (Fitness Time) Announcement of its Signing of a Memorandum of Understanding with Burjeel Holding Company to Start a Partnership in The Field of Physiotherapy and Sports Healthcare Services in The Kingdom of Saudi Arabia. |
| Date of Previous Announcement on Tadawul's Website | 2023-02-06 Corresponding to 1444-07-15 |
| Percentage of fulfilled achievement | 100% |
| Event's Expected Completion Date | The incorporation of the new company was completed, its article of association was approved, and its Commercial Registration was issued on June 14, 2023. The new company will start its operations in the third quarter of 2023 |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | NA |
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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