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Al-Andia Sports leases with Panda Retail
Al Alnaidi Sports Company announced the signing of a lease agreement valued at 20.82 million riyals with Panda Retail Company to open a new branch under the "Body Masters - Premium" brand in Riyadh. The contract covers leasing a commercial site on Al Urouba Road with an area of 2,075 square meters, aiming to operate a new fitness club as part of the expansion plan. The lease includes a free grace period of six months starting from July 1, 2026, with an effective rent commencing in 2027 and ending on May 11, 2036. The company expects this agreement to support revenue growth after the branch's actual operational start.
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