«Armaah» Begins Trading Its Shares on the Main Market and Aims to Expand to 50 Clubs by 2030

Shares of Armah Sports Company began trading today on the Saudi Stock Exchange's main market, following their transfer from the parallel market, Nomu, marking a new phase in the company's institutional and investment journey. Trading commenced under the symbol 6022 within the consumer services sector, based on the last closing price of SAR 55 on the parallel market. The stock performed positively during its first session on the main market, rising 101 TP3T to SAR 60.50 by 11:15 AM.
The move allows trading of Armah shares to a wider range of individual, institutional, and investment fund investors, enhancing the company's presence in the financial market and expanding the investor base capable of participating in its future growth. Armah is one of 23 companies that have moved from the parallel market to the main market since the launch of Nomu, bringing the total number of companies listed on the main market to approximately 252.
The transition is supported by the company's continued financial and operational growth. Revenues increased by 111 TP3T during the first half of 2026 to reach SAR 113.7 million, while net profit reached SAR 24.3 million, achieving growth of 351 TP3T on a like-for-like basis after excluding the impact of the non-recurring item recorded during the same period in 2025.
17% Revenue Growth Rate
The second quarter results also showed accelerated performance, with revenue growing by 171 TP3T to reach SAR 60 million and net profit increasing by 481 TP3T to SAR 12.6 million compared to the same quarter of the previous year. Armah continues to implement its expansion strategy through its Optimo and B-Fit brands, aiming to reach a network of 50 clubs by 2030. The strategy is based on controlled expansion, enhanced operational efficiency, and the development of sports and fitness experiences that meet the aspirations of diverse customer segments in the Kingdom.
Fahad bin Ali Al-Haqbani, Vice Chairman of the Board and CEO of Armah Sports Company, said:
«Armah’s move to the main market represents a significant milestone in the company’s journey, and reflects the progress we have made since our listing on the parallel market. We enter this phase with a clear ambition and a plan that aims to reach 50 clubs by 2030, while continuing to focus on disciplined growth, operational efficiency, transparency, and building sustainable value for our shareholders.»
The Saudi Stock Exchange (Tadawul) approved the company's request to transfer its shares to the main market on August 9, 2026, prior to completing the transfer procedures and commencing trading. The company's capital is SAR 328,591,660, distributed across 32,859,166 shares.

It is worth noting that Armah Sports Company was established in 2019 and specializes in developing and operating sports clubs for men and women in the Kingdom of Saudi Arabia through its two brands, "Be Fit" and "Aptimo." The company offers integrated concepts in sports and fitness, combining design, technology, and a high-quality experience, within a strategy aimed at building a network of 50 clubs by 2030.