Fitaihi retail stores back to activity on May 2nd, 2020
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| ELEMENT LIST | EXPLANATION |
|---|---|
| Introduction | Following the announcements of Fitaihi Holding Group, published on Tadawul website on March 16th and 17th, 2020, and on April 7th, 2020, in regards to the temporary closing of the retail stores of its two subsidiary companies (Fitaihi Retail Company) and (Luxury Goods Trading Company Ltd) in Saudi Arabia and a branch in Kuwait, as a continuation of the preventive and precautionary measures to control the Coronavirus (COVID-19), |
| Date of Posting the Previous Announcement of Development on Tadawul’s Website | 2020-04-07 Corresponding to 1441-08-14 |
| URL of the Previous Announcement | Click Here |
| Change on the Development | and based on the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud’s care and keenness of the health and safety of citizens and expatriates as well as what has been submitted by the relevant health authorities regarding the measures taken by the Kingdom of Saudi Arabia to confront the novel Coronavirus (COVID-19) for the possibility of implementing a partial curfew and the return of some economic activities in line with health instructions, and with his desire to facilitate on citizens and expatriates, the King issued an order on Sunday, April 26th, 2020, that some economic and commercial activities will be reopened to practice their activities during the permitted daily time, from 9:00 a.m. until 5:00 p.m., starting from April 29th, 2020, to May 13th, 2020, in the wholesale and retail stores, and commercial centers (shopping malls), in line with special instructions and requirements, while these measures are subject to a continuous evaluation during the aforementioned period. Accordingly, and based on the above, the Fitaihi Holding Group announces that its two subsidiary Companies (Fitaihi Retail Company) and (Luxury Goods Trading Company Ltd.) will reopen all of their retail stores in the Kingdom of Saudi Arabia, with the application of the special requirements, and the return of activities of the usual work, starting from May 2nd, 2020, until May 13th, 2020, from 10:00 a.m. until 4:00 p.m. |
| Financial Impact on the change | The Company can’t determine the financial impact resulting from these developments, and any material development will be announced in due course. |
