On June 30, 2026, Sport Clubs Company announced signing a building lease contract with Panda Retail Company for SAR 20,825,589 (excluding VAT) to fit out and operate a fitness center under the Body Masters Premium brand in Riyadh. The contract covers a 2,075 square meter commercial unit on Al-Urubah Road, with a six-month rent-free grace period starting July 1, 2026, followed by a paid lease term from January 1, 2027 to May 11, 2036. This lease agreement is part of the company's expansion strategy to increase branch locations and strengthen its presence across the Kingdom's regions.

Original announcement:

Important 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.