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Al-Andi Sport Signs Khamis Mushait Lease
Al Andy Clubs for Sports announced the signing of a land lease agreement valued at 22.75 million riyals to establish and develop two sports clubs in Khamis Mushayt, as part of its expansion plans in the southern region of the Kingdom. The contract involves leasing a plot of land measuring 5,550.68 square meters for a period of 25 years, beginning in July 2026 and continuing until January 2051. The goal is to strengthen the company's presence and increase its market share through two projects under the brands "Body Masters" and "Body Movements." The financial impact of the project is expected to become apparent after the completion of construction and obtaining necessary permits, with no related-party relationships present in the agreement.
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