Saudi Arabia’s Leejam Sports Company (Fitness Time) has announced the reopening of its gyms after authorities in the kingdom lifted COVID-19 restrictions on public venues.

The fitness company was obliged to close all of its centres in the kingdom from February 4 for 10 days due to rising COVID-19 cases at the start of the year, which was then extended until yesterday (March 6) by authorities.

The company said in a statement to the Saudi Stock Exchange (Tadawul) that it would continue to comply with all advisory protocols and take the necessary precautions to ensure the safety of its members.

Fitness Time posted a loss of $15.6 million in 2020, the first time it had not recorded a profit.

The company said it was calculating the financial impact of the most recent pandemic-related closures.

(Writing by Imogen Lillywhite imogen.lillywhite@refinitiv.com; editing by Daniel Luiz)

Disclaimer: This article is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Read our full disclaimer policy here.

© ZAWYA 2021