01:08 AM EST, 11/04/2026 (MT Newswires) -- Armah Sports (SASE:6022) won an auction to buy a land plot in Riyadh, Saudi Arabia, for 55.1 million Saudi riyals. The 5,280-square-meter commercial and residential land plot was auctioned through the Infath Auctions Platform, managed by the Entrustment and Liquidation Center, according to a Wednesday release. The fitness company plans to use the land to support its expansion strategy and future business plans. The purchase and ownership transfer remain subject to regulatory approval and completion of required legal procedures.

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