
Sport Clubs opens new branch in Dammam
This expansion came as part of the company's ambitious strategy to strengthen its Kingdom-wide footprint.
The four-story club spans a total built-up area of around 10,100 square meters (sqm). Two floors are dedicated to parking spaces, with an approximate area of 7,100 sqm, accommodating more than 160 vehicles.
The two other floors were allocated to the fitness facility, stretching over an area of nearly 3,000 sqm, boasting the latest equipment, services, and a comprehensive range of modern amenities.
The financial impact of this new club is expected to appear in the third quarter of this year, the company said, noting that the opening reflects the company's ongoing commitment to expanding its local footprint.
This marked the fifth opening in 2025, following the launch of two clubs in Riyadh's Al Aridh District and two others in AlUla City. This brought the total number of operating clubs to 59, consisting of 42 for males and 17 for females.
Sport Clubs currently has 12 fitness centers with signed lease agreements, most of which are either under construction or pending the necessary permits to commence construction.
The clubs, in addition to several others under negotiation, are expected to open within the next 18 months.
Additionally, the company closed down two Express clubs during the first quarter of 2025, as part of a network restructuring and operational efficiency enhancement plan.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Argaam
an hour ago
- Argaam
Aramco resilient despite volatility thanks to low costs, financial strength: CEO
Saudi Arabian Oil Co. (Saudi Aramco) has demonstrated strong operational resilience despite the recent market volatility, supported by a low-cost structure, strong financial position, and disciplined execution. Addressing the H1 2025 earnings call attended by Argaam, Nasser said Aramco's adjusted net income reached $50.9 billion, with free cash flow at $34.4 billion, maintaining a robust performance in the face of global turmoil. Additionally, the Saudi oil giant's net debt stood at 6.5%, while return on capital employed hit 19%, according to the top executive. He also pointed out that global oil demand averaged 105.3 million barrels per day (bpd) from January through August. The rate is expected to continue growing and rise by more than 2% in the second half of this year, driven by seasonal factors and improving economic activity in China and the US. Separately, global inventories remain tight at 3.6 billion barrels, supporting continued demand momentum through 2025, the CEO further stated. Aramco maintained 100% reliability in crude and product deliveries in H1 2025, with the second-quarter production amounting to 12.8 million barrels of oil equivalent per day (boe/d), up by 475,000 boe/d from Q1 2025. Executive VP and CFO Ziad Al-Murshed said Aramco achieved $3.5 billion in operational savings through SABIC integration, with ongoing portfolio restructuring across the group amid industry overcapacity. Aramco continues to shift capital from low-return assets to higher-yielding opportunities, including infrastructure projects that have drawn investor interest despite modest returns. Al-Murshed added that Aramco expanded its retail footprint with 250 new branded stations since 2024, and maintained H1 2025 capex at $25.5 billion, in line with its full-year target of $52-58 billion. At present, the Saudi oil giant is exploring multi-currency bond issuances, domestic sukuk, and secured export credit financing to support strategic growth, he underlined.


Argaam
2 hours ago
- Argaam
Itmam awarded project with Social Development Bank
Itmam Consultancy Co. won a contract for the Social Development Bank's (SDB) Dulani Business Center Operation 2025 project. In a statement to Tadawul today, Aug. 5, the company said the contract is valued at more than 23% of its 2024 revenues. The scope of the work includes the provision of non-financial services for projects, freelancers, and micro-enterprises, extending all the technical support and equipment as necessary. The project award letter was received at today's trading close, it added, noting that there are no related parties to the transaction.


Arab News
4 hours ago
- Arab News
Closing Bell: Saudi main index closes in green at 10,922
RIYADH: Saudi Arabia's Tadawul All Share Index edged up on Tuesday, as it gained 82.40 points, or 0.76 percent, to close at 10,921.85. The total trading turnover of the benchmark index was SR5.49 billion ($1.46 billion), with 164 of the listed stocks advancing and 83 declining. The Kingdom's parallel market Nomu, however, shed 38.57 points to close at 26,852.82. The MSCI Tadawul Index advanced by 0.8 percent to 1,408.36. The best-performing stock on the main market was Saudi Printing and Packaging Co. The firm's share price increased by 9.98 percent to SR12.12. The share price of Ades Holding Co. rose by 9.97 percent to SR14.45. Saudi Industrial Investment Group also saw its stock price climb by 8.3 percent to SR19.45. Conversely, the share price of United Cooperative Assurance Co. dropped by 7.91 percent to SR5.94. On the announcements front, Ades Holding Co. announced that its subsidiary ADES International Holding Ltd. signed an agreement to acquire all issued and outstanding shares of Shelf Drilling Ltd. In a Tadawul statement, Ades Holding revealed that the deal, valued at SR1.42 billion, will be funded through the company's existing credit facilities. The company added that this latest development could help the firm position itself as a global leader in the shallow-water drilling segment, with the combined entity operating a fleet of 83 offshore jack-up rigs, including 46 premium units, following the addition of 33 jack-ups through this new transaction. Founded in 2012, Shelf Drilling is an international shallow water offshore drilling contractor with rig operations across the Middle East, Southeast Asia, and India, as well as West Africa, the Mediterranean, and the North Sea. Saudi Cement Co. announced that its net profit for the first half of this year stood at SR204 million, representing a 1.44 percent increase compared to the same period in 2024. In the Tadawul statement, the cement manufacturer attributed the rise in net profit to an increase in sales revenue, a decrease in selling and distribution expenses, and a drop in finance charges. The share price of Saudi Cement Co. edged up by 0.57 percent to SR38.72. Bupa Arabia for Cooperative Insurance Co. reported a net profit of SR666.48 million in the first six months of this year, marking a decline of 12.76 percent compared to the same period in 2024. The stock price of the insurance firm declined by 3.91 percent to SR154.80. Taiba Investments Co. said that its net profit for the first half stood at SR238.4 million, marking a year-on-year rise of 29.84 percent. In a Tadawul statement, the company said that the rise in net profit was driven by higher operating revenues across the firm's various segments. Taiba Investment Co.'s share price edged down by 1.56 percent to SR39.10. Arabian Mills for Food Products Co. reported that it recorded a net profit of SR117.55 million in the first half of this year, representing an increase of 15.81 percent compared to the same period in 2024. According to a statement, this rise in profit was driven by higher revenues from the flour segment, along with improved management of administrative fees, as well as operating expenses, and lower finance costs. The share price of Arabian Mills for Food Products Co. rose by 0.59 percent to SR44.16. Fawaz Abdulaziz Alhokair Co., also known as Cenomi Retail, widened its net loss to SR83 million in the first six months of this year, compared to an SR68 million loss it incurred in the same period in 2024. The share price of Cenomi Retail dropped by 3.83 percent to SR27.12.