Fitaihi temporarily closes stores in Saudi Arabia, Kuwait

Fitaihi Holding Group temporarily closed the retail stores of its two subsidiaries, Fitaihi Retail Co. and Luxury Goods Trading Co. in Saudi Arabia and Kuwait until further notice, according to a bourse statement.

The closure came in line with the Saudi government precautionary measures to shield the Kingdom against the Coronavirus outbreak.

As the closure period has not been determined, the relevant financial impact cannot be assessed at present.

All updates will be revealed in due course, the statement added.