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Armah Secures Riyadh Land

Armah Secures Riyadh Land

Armah Sports Company announced that it had won the auction to purchase a commercial-residential plot in the Al-Sahafah district in north Riyadh for a total of SAR 55.05 million. The 5,280-square-meter plot is located on Anas bin Malik Road, and the auction was awarded on November 3, 2026. The transaction has not yet been completed, as the transfer of ownership requires a final sale decision and completion of the required regulatory procedures. The amount excludes the brokerage commission and real estate transaction tax.

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