The new fitness club forms part of Sport Clubs expansion strategy across key urban locations
Sport Clubs Co. signed a lease with Panda Retail for an existing commercial unit in Riyadh to establish and operate a new fitness club under the Body Masters Premium brand. 
The contract, signed on June 29, is valued at SAR 20.83 million, excluding value-added tax, the company said in a statement to Tadawul.
The commercial unit spans a total area of 2,075 square meters.
The agreement includes a six-month rent-free period starting July 1, 2026, which will be used to obtain the required licenses and complete fit-out works. The paid lease term will commence on Jan. 1, 2027 and run until May 11, 2036.
Sport Clubs expects a positive financial impact upon operations, the statement noted, adding that any future related developments would be announced.
The agreement is part of its expansion strategy to open new locations in high-demand areas, supporting growth and strengthening future revenue growth.
The new fitness club forms part of Sport Clubs expansion strategy across key urban locations
Sport Clubs Co. signed a lease with Panda Retail for an existing commercial unit in Riyadh to establish and operate a new fitness club under the Body Masters Premium brand.
The contract, signed on June 29, is valued at SAR 20.83 million, excluding value-added tax, the company said in a statement to Tadawul.
The commercial unit spans a total area of 2,075 square meters.
The agreement includes a six-month rent-free period starting July 1, 2026, which will be used to obtain the required licenses and complete fit-out works. The paid lease term will commence on Jan. 1, 2027 and run until May 11, 2036.
Sport Clubs expects a positive financial impact upon operations, the statement noted, adding that any future related developments would be announced.
The agreement is part of its expansion strategy to open new locations in high-demand areas, supporting growth and strengthening future revenue growth.
