ARMAH Sports Companyd announced signing a land lease contract to invest on King Abdullah Road, in AlQuds District - Riyadh, to construct and operate 2 sports clubs under the brand owned by ARMAH Sports Company of -B_FIT-, which will be a club dedicated to women and a club dedicated to men. Contract Subject Matter: lease contract to invest in land on King Abdullah Road in AlQuds District, Riyadh to construct and operate two sports clubs under the brand owned by Armah Sports Company B_FIT, which will be a club dedicated to women and a club dedicated to men. Date of Signing the Contract: December 14, 2023.

Contract Value: The average annual leasing value of the land is 2.5 million per leasing year. Total contract value is SAR 50 million (excluding VAT). Contract Details: Lease of land on King Abdullah Road in the Al-Quds District, Riyadh with an area of 5,766 square meters to construct and operate two sports clubs, for a period of 21.5 calendar years from the date of signing the contract.

Contract Duration: 21.5 Gregorian years starting from the date of signing the contract. The contract period includes a grace period of one and a half years that does not entail any leasing value.