Leejam expects financial impact of new physio centers to reflect starting Q1 2024

04/03/2024 Argaam
A branch of Leejam Sports

A branch of Leejam Sports

Leejam Sports Co. (Fitness Time) announced today, March 4, that Integrated Medical Care Services Co., an associate in which it holds a 50% stake in, has officially opened eight new physiotherapy centers, the financial impact of which is set to appear starting from the first quarter of 2024.

 

These centers will operate under the PhysioTherabia brand, categorized as small male centers, featuring the brand's main services.

 

The centers are located in Riyadh, Dammam, Al Khobar, Jeddah, and Yanbu.

 

In June 2023, Leejam announced establishing Integrated Medical Care Services as a joint venture (JV) between Burjeel Gulf Medical Care Co., a subsidiary of Abu Dhabi Securities Exchange (ADX)-listed Burjeel Holding Co.

 

Earlier today, Burjeel Holding revealed the opening of eight new PhysioTherabia centers in Riyadh and four other cities.

 

The company plans to establish 60 centers inside and out Leejam’s fitness center across the Kingdom by the end of 2025.

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