Leejam Sports Company Announces Management Changes
February 26, 2019
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Leejam Sports Company "Fitness Time" announced that Dr. Tariq Abdullah Alnaeem, Board Member (Independent) and Chairman of the remuneration and nomination committee, resigned from his post as a Board and Chairman of remuneration and nomination committee on February 13, 2019 due to other professional commitments. The Board accepted his resignation on February 26, 2019, bringing to an end his membership to the board, which commenced on December 10, 2018. The company also announced that Mr. Mosaed Abdulrhman Almusa, Board Member (Independent) and an executive committee member, resigned from his post as a Board and executive committee member on February 24, 2019 due to personal situation. The Board accepted his resignation on February 26, 2019, bringing to an end his membership to the board, which commenced on December 10, 2018. The company also announced the issuance of its Board of Directors' resolution on February 26, 2019 appointing Mr. Hamad Ali Al-Saqri as a Board Member (Non-Executive) effective from February 27, 2019. The Board's approval is not final and is subject to the approval during the next General Assembly meeting, as Mr. Hamad Ali Al-Saqri previously held the position of Chairman of the Board of Directors of Leejam Sports company "Fitness Time". He currently holds various board memberships, including as the Chairman of Hamad Ali Al-Saqri Holding Company and as the Chairman of Bonam Park SA. The Company also announced the issuance of its Board of Directors' resolution on February 26, 2019 appointing Mr. Abdulelah Mohammed Al-Nemr as a Board Member (independent) effective from February 27, 2019. The Board's approval is not final and is subject to the approval during the next General Assembly meeting . Mr. Al-Nemr is currently the Chief Operating Officer at The Saudi Technology Development and Investment Company. in addition Mr. Al-Nemr previously held several leadership positions in the public and private sectors. The company also announced the issuance of its Board of Directors' resolution on February 26, 2019 appointing Mr. Hisham Hussien Al Khaldi, a member of the Board of Directors (independent) from February 27, 2019. The new member will complete the period of his predecessor until the end of the current session. The approval of the Board is not final and is subject to the approval during the next General Assembly meeting. Mr. Al Khaldi is the Chief Support Officer at the National Shipping Company of Saudi Arabia and has more than 18 years of experience in the field of human resources in Alshaya Retail Company.
Leejam Sports Company SJSC is a Saudi Arabia-based company, which operates as a fitness center. The Companyâs fitness centers are operated under the brand name Fitness Time. It provides the sports and fitness services through network of facilities across the Middle East and North Africa. The Company is engaged in the construction, management and operation of sports and recreational centers, as well as presents contracting services for the maintenance, cleaning and operation of buildings and factories. It also involves in the wholesale and retail trade in sportswear and sports equipment for basketball, football, tennis and other sport activities. Its services include cardio, group exercise classes, cross fit, circuit training, spinning, swimming pool, hot and cold jacuzzis, steam bath, sauna, basketball and volleyball courts, and shower rooms, among others.