| Introduction | Further to the announcement of Fitaihi Holding Group published on Tadawul website on March 16th. 2020, in regards to the temporary closing of retail stores of its two subsidiary companies (Fitaihi Retail Company) and (Luxury Goods Trading Company Ltd) that are located within the commercial centers in Saudi Arabia and a branch in Kuwait, please note that on Monday’s evening March 16th 2020, all the company’s sales showrooms have been temporarily closed. This temporary closure comes in implementation of the instructions issued by the official authorities in the Kingdom of Saudi Arabia as part of the precautionary measures to control the Coronavirus. |
| Date of Posting the Previous Announcement of Development on Tadawul’s Website | 2020-03-16 Corresponding to 1441-07-21 |
| Change on the Development | On Monday’s evening March 16th, 2020, all the company’s sales showrooms have been temporarily closed. This temporary closure comes in implementation of the instructions issued by the official authorities in the Kingdom of Saudi Arabia as part of the precautionary measures to control the Coronavirus. |
| Financial Impact on the change | Given the lack of information on the duration of the closure, it is not possible to determine the financial impact resulting from it, and the company is currently following all developments in this regard, and any material development will be announced promptly. We ask the Almighty ALLAH to protect our beloved Kingdom from all harms. |
