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The company owns and operates gymnasiums and sports centers.
Overview
The company was established in 2019 in Riyadh, by pioneers of the fitness center business in the Kingdom, as a limited liability company under the name “Armah Sports Co.”. In 2022, the ownership of ten properties, previously leased by the company for the purpose of building fitness clubs, were transferred to the company from Jiad United for Real Estate Development Co. In the same year, the firm was converted into a closed joint-stock company.
The company operates in the field of gymnasiums and sports centers, whereas its main activities include developing, managing, operating and maintaining sports clubs. The firm carries out its activities through its own brands “Optimo”, which is a high-end smart fitness club concept targeting businessmen, executives and those with above-average income, and “Be Fit”, which is a sports club that aims to meet the needs of the millennial generation and the next generation (Gen Z.). The company’s gyms are the first fitness club chain in the Kingdom to offer integrated co-working spaces. The “Be Fit” brand is the major contributor to the company’s revenue.
Basic Information
Country | Saudi Arabia |
Ownership Type: | Joint Stock |
Establishment Date: | 2019 |
Commercial Register: | 1010559940 |
Website: | www.armahsports.com |
fahadhagbani@gmail.com | |
Phone | +966 11 838 6000 |
Fax | - |
Address | Al-Takhasosi Street - Al-Nakhil District - Riyadh 12382 |
PO Box | 3894 |
Industry Peers
Leejam Sports Co. |
Financials Highlights (M )
Description | Chart | 2023 | 2022 | 2021 | |
---|---|---|---|---|---|
Sales | 80.11 | 13.19 | 0.44 | ||
Net Income | 0.76 | (25.24) | (11.15) | ||
Total Assets | 835.20 | 580.03 | 350.28 | ||
Total Shareholders' Equity | 377.99 | 246.58 | 27.44 |
Company Size
Trading Data
Stock Market : | NOMU |
Fiscal Year End : | December |
Free Float (M) : | 11.47 |
Free Float % : | 34.91 |
3M Average Volume : | 11,864 |
3M Average Transactions : | 60 |
Change(12M) % : | - |
Major Shareholders
Name | Number of Shares (M) | Holding |
---|---|---|
Giad United Development Company | 7.42 | 22.58 % |
Abdul Mohsen Ali Muhammad Al-Haqbani | 4.34 | 13.22 % |
Nahla Ali Muhammad Al-Haqbani | 2.83 | 8.62 % |
Latifa Muhammad Saleh Al-Haqbani | 2.33 | 7.08 % |
Khaled Ali Muhammad Al-Haqbani | 1.75 | 5.34 % |