Armah Sports Co.
6022.SR
Saudi Exchange52.75
SAR
-0.35
- -
ISIN
SA16K0RIU311
Return %
Stock
S&P500
1Y
-33.23
18.65
3Y
85.09
71.44
5Y
85.09
70.60
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.Company Description
- CEO
- Fahad Ali Mohammed Al-Hagbani
- Sector
- Consumer Cyclical
- Industry
- Personal Products & Services
- Address
- Building number 6757 Riyadh RY Saudi Arabia
- IPO Date
- Nov 30, 2023
- Website
- armahsports.com
- Similar Companies
- Business
- Armah Sports Co. operates and manages professional fitness and sports centers for men and women in the Kingdom of Saudi Arabia. The Company provides integrated health-club and physical-fitness services under the B_FIT and Optimo brands; B_FIT offers premium, technology-enabled fitness-club experiences and full-service facilities, while Optimo targets customers seeking a high-end, private and luxury fitness environment. Its offerings include monthly club memberships; personal-training sessions; fitness and sports-support activities; immediate-ownership products sold to customers; retail sales of sports apparel; food and beverage services at sports facilities; salon services; and associated sports and leisure activities. Armah operates through male and female fitness-center segments and serves consumers through facilities in the Central and Western regions of Saudi Arabia, including Riyadh and Jeddah. The Company commenced operations in 2019 and is headquartered in Riyadh, Saudi Arabia. Recent expansion initiatives include the April 2026 opening of two fitness clubs in Jeddah’s Prince Fawaz District on Makkah Road; a May 2026 land-lease agreement to develop and operate two B_FIT-branded men’s and women’s clubs, together with commercial and office space, on a 5,821-square-meter site in Riyadh’s Al-Narjis district; and a June 2025 development-and-operation agreement with Qimam Nashaz Real Estate Development Co., an affiliate of Banan Real Estate Co., for two Optimo-branded fitness clubs in Riyadh’s Al-Rahmaniyah district. Under the latter 20-year arrangement, Armah will lease and operate the clubs following delivery, with a minimum contract value of SAR244.1 million, excluding VAT, and potential value growth tied to club performance. In August 2026, the Saudi Exchange approved Armah’s transfer from Nomu–Parallel Market to the Main Market, where its shares began trading under ticker 6022 in the Consumer Services sector on August 30, 2026.