Riyadh, Saudi Arabia — Armah Sports Company signed a SAR 237 million lease agreement with Artal Al-Thalitha Company for two sports clubs in Riyadh. The 20-year deal, disclosed on Tadawul Saudi Arabia, supports Armah’s ongoing expansion under its “Be Fit” brand.
Signed on July 7, 2025, the agreement covers fully built and equipped clubs—excluding mobile furniture and gym gear. Both properties sit on land owned by Artal in the Al-Masif district along Imam Saud bin Abdulaziz Road.
Armah Sports Riyadh Lease Agreement Backs Long-Term Growth
The two clubs will serve men and women. They form part of Armah’s broader push to scale integrated fitness centers across the Kingdom. By locking in a long-term lease, Armah secures operational clarity while diversifying its funding sources.
Artal Financial Company will oversee the project as fund manager. It appointed Maskan Al-Arabiya Company as the project developer. Construction is expected to conclude within two years. Once operational, Armah anticipates a direct financial impact from the lease.
The company committed to disclosing any material updates related to the project or lease terms as needed.
The Saudi Standard’s View: Fitness Sector Matures with Institutional Models
The Armah Sports Riyadh lease agreement is more than a real estate transaction. It reflects how the kingdom of Saudi Arabia’s fitness industry is transitioning from standalone gyms to full-fledged, investor-backed infrastructure.
By securing ready-to-use assets with a predictable cost structure, Armah ensures it can scale without development delays. At the same time, Artal’s management role and Maskan’s development expertise create a reliable delivery chain.
These institutional partnerships are no longer experiments—they are repeatable blueprints. With Vision 2030 pushing Saudis toward healthier lifestyles, this kind of private sector alignment delivers results, not just headlines.
Explore Saudi investment news and trends
See more on Saudi fitness industry growth and sports club development
