Leejam hands over Football Academy Centre to Shabab Football Club

14/04/2019 Argaam

 

Leejam Sports Co. (Fitness Time) decided on April 11 to hand over the Football Academy Centre to Shabab Football Club as the contract has expired, the firm said in a bourse statement on Sunday.

 

Revenue from the football academy reached SAR 1.72 million for fiscal year 2018, posting a net profit of SAR 174,633, which didn’t have a significant impact on the company’s results, it said.

 

Meanwhile, Fitness Time Center at Shabab Football Club location will continue to operate, it added.

 

The handing over of the football academy brings Leejam’s total centers under management to 133 from 134.

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