Fitaihi temporarily closes all stores in Saudi Arabia, Kuwait

17/03/2020 Argaam


Fitaihi Holding Group temporarily closed all retail stores of its two subsidiaries, Fitaihi Retail Co. and Luxury Goods Trading Co., in Saudi Arabia and Kuwait until further notice, it said in a bourse filing on Tuesday.

 

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

 

The relevant financial impact cannot be assessed at present, the statement said, adding updates will be revealed in due course.

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