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Armuh to open new club in Riyadh by 2030
Armaah Sports Company has signed a lease agreement to establish a new sports club in the Al-Sulaymaniyah neighborhood of Riyadh, as part of its expansion plan through 2030, aiming to increase the number of clubs to 50. The contract involves leasing a 2,500-square-meter land for 20 years, with a cost exceeding 13% of the company's annual revenues according to the 2025 financial statements. The project will be implemented over two years, with its financial impact beginning after the club becomes operational. The goal of the project is to strengthen the company's presence in the fitness sector and support Saudi Arabia's efforts to improve lifestyle and promote sports activities.
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