FAQ

The Company was established as a joint stock company under the name Leejam Sports Company with a capital of SAR 10,000,000 divided into 1,000,000 ordinary shares with a nominal value of SAR 10 per share, and registered in the commercial register in the city of Jeddah under commercial registration No. 4030180323, dated 19/6/1429H (corresponding to 24/6/2008G). And on 6/14/1433 AH (corresponding to 5/17/2011 AD), the company’s headquarters moved to Riyadh under Commercial No. 1010337986.

“The first fitness center under the “Fitness Time” brand was opened in 2005G in Tabouk by Fitness Time Establishment for Trading (currently Fitness Time Company for Trading). Then another fitness center was opened in 2006G in Hail, two in Jeddah in 2007G, and one in Jeddah and two in Riyadh in 2008G. When the number of fitness centers opened by Fitness Time Establishment for Trading reached seven, its founders decided to optimize the business operations of Fitness Time Establishment for Trading and to enable its further growth by incorporating a joint stock company and transferring to it the business of Fitness Time Establishment for Trading. As a result, the Company was established as a joint stock company under the name Leejam Sports Company with a capital of SAR 10,000,000 divided into 1,000,000 ordinary shares with a nominal value of SAR 10 per share, and registered in the commercial register in the city of Jeddah under commercial registration No. 4030180323, dated 19/6/1429H (corresponding to 24/6/2008G). On 25/12/1429H (corresponding to 24/12/2008G).
The Company acquired upon its incorporation in 2008G the trademark “Fitness Time”, which was owned by Fitness Time Establishment for Trading. Due to statutory requirements, such as the need to transfer from Fitness Time Establishment for Trading to the Company lease agreements relating to real estate properties on which fitness centers were located, the Company operated from its incorporation fitness centers under the “Fitness Time” brand on behalf of Fitness Time Establishment for Trading pursuant to an operating agreement until 15/1/1431H (corresponding to 1/1/2010G), when the Company purchased property and equipment from Fitness Time Establishment for Trading including assets, equipment, and property, were transferred to the Company, effective from the beginning of the year 2010G.
The Company opened its 50th fitness center in 2011G. The Company transferred its head office to Riyadh on 14/6/1433H (corresponding to 6/5/2012G).
On 23/9/1434H (corresponding to 31/7/2013G) certain shareholders sold shares to Target Opportunities Company for Trading. After this transfer, Mr. Hamad Ali Al-Sagri owned 61.2% and Target Opportunities Company for Trading owned 25.1% of the shares of the Company. In 2013G, the Company acquired a 95% direct ownership in Fitness Time Company for Trading (formerly Fitness Time Establishment for Trading before its conversion into a limited liability company).
In 2015G the Company opened branches in Dubai and Ras Al Khaimah, UAE. Leejam opened its first Ladies Gym ever in 2017.
The Company went public in an IPO in 2018 and was listed in September 2018.”

“As of 31 March 2023, the Company operates the largest network of fitness centers in the Middle East and North Africa region under the Fitness Time brand with 160 operational fitness centers in 28 cities in the Saudi Arabia and UAE.
The Fitness Time brand is a well established, trusted, and respected brand in the health and fitness industry. The brand is synonymous with quality, size, amenities, and cleanliness, and is perceived to be the best fitness brand in the MENA region as per IHRSA. The “Fitness Time” brand name was launched in 2005G. The on going advertising and promotional support behind the brand name coupled with quality product and service and consistent market performance have together led to the development of strong brand equity in the health and sports category.
The Company operates across four primary formats, which include the following: (I) Fitness Time Plus, a luxury and exclusive experience, (ii) Fitness Time, a high end full service facility, (iii) Fitness Time Pro, aimed at professional and aspiring athletes, (iv) Fitness Time Xpress, a no frills economical fitness center with high value services”

You can obtain an overview of the company visiting “about us” page or by viewing our annual report by clicking here.

On September 10, 2018.

The Leejam share is listed on Saudi Stock Exchange.

ISIN code: SA14K0Q0SJ16 –  Bloomberg: LEEJAM:AB

You can find our shareholder structure in our website by clicking here. Or by visiting our page in TADAWL website in the “Shareholding” section by clicking here.

Please send your questions to: [email protected] or by calling us at: 00966112101015 Ext. 188. Or phone number: 00966564149752

`31 December

You can obtain the earnings information by viewing our Earning Reports in our website by clicking here.

You can obtain the financial statements in our website by clicking here. Or by visiting our page in TADAWL website in the “Financials” section by clicking here.

You can obtain the financial indicators in our Earning Reports in our website by clicking here.

As a quoted company, Leejam Sports Company is required to provide its shareholders with frequent information within a stricked timeline. It is within 30 working days from the end of the quarter or 90 working days from the end of the company’s fiscal year (public holidays are not counted in the deadline)

Leejam Sports Company publish its announcements and regulatory reports on its page on Saudi Stock Exchange (Tadawul) website and in this webiste.

You can access our reports directly from our website. Please click here.

You can by viewing our Earning Reports in our website by clicking here.

On the Main Market, Saudi Stock Exchange (Tadawul)

The stock Trading name is Fitness Time and the ticker symbol is 1830.

Regularly updated prices are on overview page under Investor relations section, here. And also available on the Saudi Stock Exchange (Tadawul) website.

You can learn more about the dividend policy and changes in dividend payments by viewing the annual report and visiting the earnings page under the Investor Relations section.

This is usually done through a stockbroker licensed by the Capital Market Authority. For more information, clisk below

Leejam Sports Company publish its announcements and regulatory reports on its page on Saudi Stock Exchange (Tadawul) website (here) and in this website. You can also use the Investors Calendar (here) to sign up for announcement alerts.

All details related to dividend and its distribution date will be announced on its page on Saudi Stock Exchange (Tadawul) website (here) and in this website. You can also use the Investors Calendar (here) to sign up for announcement alerts.

Corporate governance is defined as ‘the system by which business corporations are directed and controlled’. The corporate governance structure specifies the distribution of authority and responsibilities among different participants in the Company, such as the Board of Directors, managers, shareholders and others, and spells out the rules and procedures for making decisions on corporate affairs. By doing this, it also provides the structure through which the Company’s objectives are set and the means of attaining those objectives and monitoring performance.

LEEJAM is committed to maintaining high standards of corporate governance and considers good corporate governance an essential tool for maximizing long-term shareholder value. The Company’s Corporate Governance Rules are mandatory for all Directors and staff of LEEJAM and can only be amended by a resolution of the Board of Directors.

You can view Leejam’s Board & Committees composition at corporate Governance page (here)

You can view Leejam’s Audit Committee composition at corporate Governance page (here)

You can  access Leejam’s  Corporate Governance Manual & Policies by visiting the governance documents page here.

“Leejam Shareholders have many rights according to its Corporate Governance Manual and relevant regulations. Among those rights are the following:
1- Fair Treatment of Shareholders as the Board is obliged to seek shareholders’ rights protection to ensure fairness and equality among them. The Board and the Executive Management of the Company is obliged not to discriminate among shareholders who own the same type or class of shares nor prevent them from accessing any of their rights.
2- Obtain his/her portion of the net profits which are to be distributed in cash or through the issuance of shares.
3- Obtain his/her share of the Company’s assets upon liquidation.
4- Attending the General or Special Shareholders Assemblies, take part in their deliberations and vote on their decisions.
5- Dispose of his/her shares in accordance with the provisions of the Companies Law, The Capital Market Law and their implementing regulations.
6- Enquire and request viewing the books and documents of the Company, including the data and information related to the activities of the Company and its operational and investment strategy without prejudice to the interests of the Company or breach of the Companies Law and the Capital Market Law and their implementing regulations.
7- Monitor the performance of the Company and the activities of the Board.
8- Hold Board members accountable to file liability lawsuits against them and appeal for nullification of the resolutions of the General and Special Shareholders Assemblies in accordance with the conditions and restrictions provided in the Companies Law and the bylaws of the Company.
9- Preemptive rights to subscribe for new shares issued in exchange for cash unless otherwise specified in the Company’s bylaws or when the Extraordinary General Assembly suspends the pre-emptive rights are per Article (129) of the company’s law.
10- Record his/her name in the Company’s shareholders register.
11- Request to view a copy of the Company’s articles of association and bylaws unless the Company publishes them on its website.
12- Nominate and elect the Board members.”

Leejam Sports Company publish its announcements and regulatory reports on its page on Saudi Stock Exchange (Tadawul) website (here) and in this website.

Each shareholder who is registered in the Company’s shareholders register with Edaa at the end of the trading session prior to the Assembly meeting shall be entitled to attend the assembly meeting, according to the rules and regulations

“Voting rights may be exercised in one of the following ways.
1- If the assembly meeting will be held in person, the shareholder has the right to register for the meeting and after that he/she will be given a voting form to cast his/her vote. He/she may also give a power of attorney to any other person to attend the meeting and vote. The shareholder can also use the electronic voting provided by the Saudi Stock Exchange (Tadawul). For more information, please visit: https://www.edaa.com.sa.
2- If it is to be held by means of technology, the shareholder has the right to register, participate in the meeting and electronically vote using the Tadawulaty system provided by the Saudi Stock Exchange (Tadawul). For more information, please visit: https://www.edaa.com.sa.”