Sport Clubs Co Signs SAR 22.75M Khamis Mushait Land Lease
SPORT CLUBS 6018.SA | 0.00 |
On July 27, 2026, Sport Clubs Company announced the signing of a land lease contract with the Municipality of Khamis Mushait Governorate, covering a plot of 5,550.68 square meters located in Al-Bawadi district, Prince Sultan Road. The contract, valued at SAR 22,750,000 (excluding VAT), was signed on July 26, 2026, and will run through January 28, 2051. Under the agreement, the Company will invest in the construction and fit-out of the site to establish and operate two new sports clubs under its Body Masters and Body Motions brands, in line with its broader expansion strategy to increase branch count and strengthen its regional presence across the Kingdom. With this signing, the total number of the Company's projects under construction or awaiting licenses reaches 14.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=96999&anCat=1&cs=6018&locale=arImportant Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.
