The IPO
Armah sports company announces its intention to proceed with an initial public offering and listing of its shares on the parallel market of the saudi exchange (“nomu”)
Investor Relations
Messages from Our Leadership Team
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We are very proud of our successful journey in the field of building and operating sports centres in the Kingdom of Saudi Arabia through the establishment of more than 160 sports clubs in the Middle East over the past twenty-five years, which we culminate in establishing Armah Sports Company. We realize the importance of offering the company’s shares, which represents the actual launch of a new phase of the company’s business supported by the significant and rapid growth in the sports club sector, which makes it an ideal period to invite investors to participate in our future journey towards greater success.
Abdulmohsen Alhagbani
Chairman of the Board
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We are pleased to announce our intention to list our shares in the parallel market “Nomu.” Armah is the result of the accumulated experience of the company’s founders that extends for decades in the fitness sector at the local, regional and global levels. , supported by favourable market conditions. Our company follows a flexible and integrated business model, and the company’s offerings are unique in the market, including products and services under its “Optimo” brand and its “B_FIT” brand. Thanks to our dedicated and diverse team, we are at a good time to achieve high future returns for shareholders.
Fahad Alhagbani
Vice Chairman & Chief Executive Officer
