Membership Sports activities Firm emblem
Firm introduced Golf equipment for sports activities Right now, it signed a land lease contract with Abdul Rahman Saleh Al Rajhi & Companions Restricted (a one-person firm) to construct two sports activities facilities (Physique Masters and Physique Motions) within the metropolis of Al-Khobar, at a worth of 54.95 million riyals, excluding tax.
The corporate defined in a press release right now on Tadawul that the period of the contract is 21 years and 6 months, indicating that the land is positioned on Bashar Bin Burd Road, Olaya District within the metropolis of Al-Khobar, with a complete space of 5,455 sq. meters along with roughly 8,000 sq. meters allotted for parking.
The corporate expects the constructive monetary influence to start upon completion of the development of the 2 sports activities facilities within the first quarter of 2027.
She added that after signing this contract, the full variety of branches for which lease contracts have been signed at the moment is 16 branches, a few of that are within the building stage and others are within the design stage or awaiting the mandatory licenses to start the development course of, along with quite a few different branches whose contracts are being signed and are anticipated to open throughout the first half of 2027.
The corporate acknowledged that signing this contract comes throughout the framework of enlargement plans to extend the variety of branches and improve presence in numerous areas of the Kingdom, noting that it’s going to announce any elementary developments associated to those initiatives sooner or later.
In line with information numbersSports activities membership shares have been listed and began buying and selling on the primary market on July 22, 2025, at a worth of seven.5 riyals per share.
