Logo ofArmah Sports Co.
Armah Sports Co.won a bid to acquire a 5,280-square-meter plot designated for residential and commercial use on Anas Bin Malik Road in Riyadh’s Al Sahafa district for SAR 55.05 million. 
The bid was awarded on Nov. 3 through the Infath Auctions platform, operated by the Entrustment and Liquidation Center (Infath).
In a statement to Tadawul on Nov. 4, the company said the purchase price excludes brokerage fees and real estate transaction tax.
Armah said the acquisition is part of its expansion strategy and plans for future business operations. It is also expected to strengthen the company’s asset base and support its growth and return targets.
The company said the purchase and ownership transfer have not yet been completed. The transaction remains subject to a sale decision by the competent authority and completion of the required legal procedures to transfer and register the title deed.
Logo ofArmah Sports Co.
Armah Sports Co.won a bid to acquire a 5,280-square-meter plot designated for residential and commercial use on Anas Bin Malik Road in Riyadh’s Al Sahafa district for SAR 55.05 million.
The bid was awarded on Nov. 3 through the Infath Auctions platform, operated by the Entrustment and Liquidation Center (Infath).
In a statement to Tadawul on Nov. 4, the company said the purchase price excludes brokerage fees and real estate transaction tax.
Armah said the acquisition is part of its expansion strategy and plans for future business operations. It is also expected to strengthen the company’s asset base and support its growth and return targets.
The company said the purchase and ownership transfer have not yet been completed. The transaction remains subject to a sale decision by the competent authority and completion of the required legal procedures to transfer and register the title deed.
