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Al-Andiya Sports Signs Lease Deal
Al Alnadi Sports Company announced the signing of a lease agreement for a commercial building in King Salman District, Riyadh, with a total value of 116.63 million SAR. The lease term is 20 years, from 2027 to 2047. The building, located on King Abdulaziz Road, covers approximately 5,200 square meters and includes showrooms, retail shops, offices, parking, and facilities. It will be developed into a men's sports center under the "Body Masters - Premium" brand, with designated commercial and office spaces. The project aims to support the company's expansion strategy and increase its customer base, with positive financial impact expected after completion of development and obtaining the necessary permits. This is one of 15 projects currently in development by the company, including 9 under construction and 6 awaiting permits.
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