Sport Clubs Plans 16 New Clubs by End-2027 Backed by SAR 300 Million Investment

Sport Clubs Co. expects to open three new clubs in the fourth quarter of 2026 and 13 more in 2027, part of an expansion and development plan involving investments of approximately SAR 300 million, CEO Wael El Merhabi said. Argaam published the remarks on November 2, 2026.

Sport Clubs' 16-Club Expansion Plan

Sport Clubs is a Saudi fitness operator listed on Tadawul under the ticker 6018, running clubs under the Body Masters, Body Motions and Body Experts brands. The company was founded in 1994 and is headquartered in Al Khobar.

El Merhabi's plan covers 16 clubs in total: three scheduled for the fourth quarter of 2026 and 13 during 2027. The company put the investment behind the program at approximately SAR 300 million.

"Sport Clubs Co.'s CEO Wael El Merhabi expects the company to open three new clubs in Q4 2026 and an additional 13 clubs in 2027, as part of an expansion and development plan involving investments of approximately SAR 300 million," Argaam wrote.

Sport Clubs' 63-Club Base and Bank Financing

According to akta.pro company records, Sport Clubs operated 63 clubs as of June 2026, comprising 43 men's clubs and 20 women's clubs, across 18 cities in Saudi Arabia. The same records put the membership base at more than 800,000 across its brands.

The records show Sport Clubs secured SAR 70 million in Shariah-compliant Tawarruq financing from Saudi Awwal Bank in June 2026, with a five-year term and a one-year grace period, to fund capital expenditures for new club expansion. The same month, the company opened two clubs in Buraydah in the Al Qassim region, totaling approximately 8,000 square meters across the Body Masters Premium and Body Motions brands.

Leases Signed for Body Masters Sites

Sport Clubs signed a 20-year lease valued at SAR 34.8 million for a 3,500-square-meter plot in Jeddah's Al Nuzhah district to develop a Body Masters club, Argaam reported in September 2026. The lease carries a rent-free period of about 15 months.

Earlier that month, Argaam reported a lease on a 4,125-square-meter plot in Riyadh's Al-Shuhada district for a new Body Masters club, under a SAR 55.69 million contract running 20 years from February 1, 2028, with a 16-month rent-free period. In August 2026, Argaam reported a 20-year lease valued at SAR 116.63 million for a commercial building in Riyadh to develop a Body Masters – Premium sports center.

Sport Clubs' Fourth-Quarter 2026 Openings

The three clubs scheduled for the fourth quarter of 2026 are the next openings the company has dated.