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Armāḥ Signs Lease for New Riyadh Club
Armah Sports Company has signed a land lease agreement in the Al-Sulaimaniya neighborhood of Riyadh to establish a new sports club under the "B_FIT" brand, aiming to expand its presence to 30 locations by 2030. The company's plan involves a 20-year investment covering an area of up to 2,500 square meters, with the club expected to open after approximately two years of construction work. The contract is part of the company's broader expansion strategy within the fitness sector in the Kingdom, supporting business growth and long-term objectives in line with efforts to improve quality of life in Saudi Arabia. The total value of the agreement exceeds 13% of the company's annual revenues according to 2025 reports, and its financial impact is anticipated to become evident following the start of commercial operations.
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