Armah Sports Leases Riyadh Land for 30th Club

Riyadh, Saudi Arabia — Armah Sports Company has entered into a land lease agreement with Fawaz Abdulmohsen Saad Bin Saeed to construct and operate a fitness center in the Al-Sulaymaniyah District's Makkah Al-Mukarramah Road area. The agreement was announced on October 15, 2026, and brings Armah’s total club count to 30, aligning the company with its goal of having 50 clubs by 2030.

The lease covers a 2,500-square-meter site, with Armah to build and run the facility under its B_FIT brand, focusing on male members and offering advanced fitness technologies. The contract spans twenty years, with a 24-month grace period following the handover, providing Armah approximately two years to complete construction before financial commitments commence.

The total contract value surpasses 13% of Armah’s annual revenue, based on fiscal year 2025 audited financials. Armah will engage a third-party contractor to execute the build according to its specifications. The deal does not involve related parties, and financial impacts will only materialize once the club opens and begins generating revenue. Armah intends to disclose any significant developments as the project advances.