MoveGB
MoveGB
MoveGB
Health Club Management

Health Club Management

Follow Health Club Management on Twitter Like Health Club Management on Facebook Follow Health Club Management on Google+ Join the discussion with Health Club Management on LinkedIn Subscribe to Health Club Management Get RSS alerts from Health Club Management magazine
Get the latest news, jobs and features in your inbox
Health Club Management

Health Club Management

News

Saudi fitness company Leejam Sports plans IPO

Leejam Sports Company, which owns and operates Fitness Time, the largest network of sports and fitness centres in the Middle East, has announced plans for an initial public offering (IPO).

In a statement, the firm said it will make 30 per cent of its existing shares available to investors.

The IPO has been scheduled for the first week of August 2018.

The first Fitness Time centre opened in Saudi Arabia in 2005 and since it has become the leading fitness brand in the region with a multi-segmented offering catering to different gender, age, and income groups.

“Our journey began more than 10 years ago when the company embarked on implementing its vision of bringing fitness to the Saudi society and helping people in adopting a healthy and an active lifestyle," said Abdulmohsin Al Haqbani, managing director of Leejam.

"The IPO is a transformative moment for Leejam as we continue to build upon our position as the leading fitness company in the region.

"The Company has an exciting future, given growing awareness about health and fitness.

"One of the key goals of the Government’s Vision 2030 is to promote health and fitness within the society and Leejam is ideally positioned to contribute towards the achievement of this goal.

"With the start of the licensing for female fitness centres in 2017 by the General Sports Authority, Leejam has developed and is implementing a comprehensive strategy of achieving market leadership position in the female fitness segment, similar to the male segment.

"Since opening the first Fitness Time Ladies centre in July 2017, the Company’s network of female fitness centres in Saudi Arabia has grown to reach 14 centres.

There are currently 115 sites being operated under Fitness Time and its five sub-brands.

The main Fitness Time brand offers full-service clubs with large gyms, studios and sports and spa facilities.

The five sub-brands are Fitness Time Plus, Fitness Time Pro, Fitness Time Junior, Fitness Time Ladies and Fitness Time Ladies Pro.

These range from the luxury Fitness Time Plus – which targets "high net worth individuals" – and the low-cost Fitness Time Pro to ladies-only and kids' fitness sites.

Fitness Time has a presence in 23 cities across Saudi Arabia and also operates four clubs in the UAE.

Sign up for FREE ezines & magazines
Leejam Sports Company, which owns and operates Fitness Time, the largest network of sports and fitness centers in the Middle East, has announced plans for an initial public offering (IPO).
HAF
THUMB27923_324400.jpg
Perfect Gym Solutions SA.
Perfect Gym Solutions SA.

News

A community initiative which seeks to turn towns and cities into "giant playgrounds" for children
Budget operator Simply Gym has launched two new sites in Uxbridge and Cardiff, as it
A new tool has been launched to help healthcare professionals talk to patients about the
DW Fitness First is introducing a new water-based HIIT class in order to cater to
Speaking at the annual Legend customer day at the NEC today, Sport England’s executive director
Fitness operator Equinox will move further into the lifestyle space with the launch of bespoke
Focus Training
Focus Training
A community initiative which seeks to turn towns and cities into "giant playgrounds" for children
Health and social care secretary Matt Hancock has published a new technology masterplan for the
US fitness brand Peloton has launched into the UK, marking the occasion with a three-week
The ukactive Research Institute has announced plans to make all academic research it conducts available
Water safety charity The Royal Life Saving Society UK (RLSS UK) has named Jo Talbot
Group fitness classes and adrenaline sports are among those benefiting from increases in interest, as
Meadowbank Stadium and sports centre in Edinburgh, which hosted the Commonwealth Games in 1970, is
SportsArt Fitness
SportsArt Fitness
A community initiative which seeks to turn towns and cities into "giant playgrounds" for children
Exeter City Council has published a new corporate strategy and 'emerging vision' for 2040, with
New research into the mental health benefits of swimming has been released by Swim England,
More than six million people in the UK could be living or contemplating a life
Perfect Gym Solutions SA.
Perfect Gym Solutions SA.
1 - 15 of 10,492
Features
Report
We investigated the typical day for young offenders in prison and found they were typically locked up and inactive for 22 hours a day - Dr Phillip Lee MP
Features
feature
How far is the health club industry from completing its evolution from a niche sector to a mass mainstream movement?
Features
feature
The IHRSA European Congress, which takes place next month in Lisbon, Portugal, is a must-attend, must-experience event for industry leaders doing business in Europe says IHRSA’s Kristen Walsh
Features
Supplier showcase
GoCardless & Speedflex
Features
feature
Calisthenics: is it just for hardmen, or is it an alternative activity that could appeal to your crossfitters or those in your free weights area? Kath Hudson reports
Features
Cycling
A new age of indoor cycling is upon us, characterised by a more diverse range of bikes and consumers. Steph Eaves breaks down the options in this two-part series
Features
IHRSA update
Kristen Walsh, associate publisher at IHRSA, reveals the top performing health club operators in the US, Canada and Latin America
Features
Tech
Body composition analysers are an excellent way to differentiate your club, as well as help your members get results. Kath Hudson reports
Features
Floatation
Scientists believe floatation therapy could be a shortcut to meditation and much more than just a relaxation amenity for health clubs. Niamh Madigan dives in to find out more
Features
News report
A disused tower block in central São Paulo has been converted into a vibrant fitness, sport and leisure destination for the city, as Kim Megson reports
Features
New trends
A combination of being hunched over desks and dynamic workouts have led to a new trend in assisted stretching studios. Is this the next big thing and should health club operators be adding it for their members? Kath Hudson reports
Features
People
People profile
Bear Grylls and Chris St George both served in the British Army. Their experience, combined with a results-driven offering, will engage people in exercise - Dave Stalker
People
People profile
We don’t sell the transformational dream: our core message to people is the importance of creating a new lifestyle and being fit for life
People
Profile
We’ve positioned ourselves as a premium concept with affordable prices. MyFitness is a full-line operator with modern facilities and top-of-the-line equipment and technology
People
People profile
We've incorporated mental health and wellbeing into the whole Mindset experience
People
people
The drive behind everything we do is to help our patients get better. Whether that means climbing Everest, or climbing the stairs
People
people
We’re offering members the convenience of having a workout and a chance to shop in a lively, welcoming environment
People
people
Physical activity needs to be recognised as a ‘vital sign’ that health professionals ask people about at every medical consultation
People
people
With the EXOS programmes, I can guarantee vitality. Our goal is to upgrade people’s lives by finding their true purpose
People
Interview
I want to build a social lifestyle brand that combines music and wellness to create something that inspires people. I want to change the way people think of working out, so it’s like going to a club or a concert
People
Catalogue Gallery
Click on a catalogue to view it online
Featured suppliers
Featured supplier: EXF chosen by Third Space to supply storage and functional rig solutions
EXF has been awarded a new contract with luxury London Health Club group, Third Space.
Featured suppliers
Featured supplier: FitQuest announces new global distributors
FitQuest, industry leaders in human performance monitoring, has joined forces with fitness distibutors Gympac, I AM FIT in Portugal and Fitness Systems.
Company profiles
Company profile: TVS Group
TVS has a broad portfolio of products, including high-performing shock pads, surfaces for sport, fitness ...
Company profiles
Company profile: Rephouse Europa Ltd
Rephouse is a leading manufacturer of high-performance fitness flooring systems. With its state-of-the-art production technology ...
Directory
Audio visual
Lightmasters UK Ltd: Audio visual
Trade associations
International SPA Association - iSPA: Trade associations
Exercise equipment
EXF Fitness Equipment: Exercise equipment
Architects/designers
Zynk Design Consultants: Architects/designers
Hydrotherapy / spa fragrances
Kemitron GmbH: Hydrotherapy / spa fragrances
Flooring
Total Vibration Solutions Ltd: Flooring
Independent service & maintenance
Servicesport UK Limited: Independent service & maintenance
Skincare
Clarins: Skincare
Lockers
Safe Space Lockers Ltd: Lockers
Locking solutions
Ojmar: Locking solutions
Property & Tenders
White Rocks, Hastings
GVA
Property & Tenders
Gravesham Borough Council
Property & Tenders
Diary dates
31 Oct - 01 Nov 2018
NEC, Birmingham, United Kingdom
Diary dates
27-27 Nov 2018
Harrogate Convention Centre, Harrogate, United Kingdom
Diary dates
Job search
MoveGB
MoveGB