Leejam says PhysioTherabia impact on profitability to show in next years: CEO

Adnan Al-Khalaf, CEO of Leejam Sports Co. (Fitness Time)

Leejam Sports Co. (Fitness Time) expects the full impact from opening the PhysioTherabia centers in partnership with Burjeel Holdings to appear in the next few years after launch. The impact is likely to show in the medium and long term, CEO Adnan Al-Khalaf told Argaam in an interview.

PhysioTherabia  Company is 50:50 owned by Leejam and Burjeel, while the latter will assume the management role. The PhysioTherabia clinics are expected to cover all neighborhoods across the Kingdom within the next 8-15 months, to become the Kingdom’s largest physiotherapy and care center. Leejam targets to build 60 PhysioTherabia  centers within the next five years.

Al-Khalaf added that the company plans to complete some issues related to this activity during the current quarter.

Fitness Time is committed to having more than 250 sites and over 500,000 subscribers, and it is on the right track.

The Kingdom has a major healthcare and physiotheraby sector offering promising opportunities, but this will not be an easy experience in light of the different experiences of some major companies and small projects.

He expects PhysioTherabia to acquire the same share of Fitness Time in sports activities.

Burjeel opened four  cutting-edge physiotherapy and rehabilitation centers in Riyadh in partnership with Leejam, Argaam reported.