Fitaihi extends closure of all retail stores in Saudi Arabia, Kuwait

07/04/2020 Argaam

 

Fitaihi Holding Group extended the closure of all retail stores of its 2 subsidiaries, Fitaihi Retail Co. and Luxury Goods Trading Co., in Saudi Arabia and Kuwait until further notice.

 

The company said in a bourse statement that the relevant financial impact cannot be presently assessed due to the prevailing uncertainty over the COVID-19 lockdown measures.

 

Fitaihi will announce any developments related to the matter in due course.

 

According to data compiled by Argaam, Fitaihi temporarily closed in March all retail stores of its 2 subsidiaries in Saudi Arabia and Kuwait in line with the government’s precautionary measures to shield the Kingdom against the Coronavirus outbreak.

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