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Who's Who: Fahad Alhagbani, co-founder and CEO of Armah Sports Co.

Who's Who: Fahad Alhagbani, co-founder and CEO of Armah Sports Co.
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Rapid Growth in Women Fitness Centers along with Strong Government Support towards the National Transformation Plan's goal of Improving Fitness Levels among Saudi Arabians will Reduce the Growth Slump caused by the Covid Pandemic: Ken Research

Rapid Growth in Women Fitness Centers along with Strong Government Support towards the National Transformation Plan's goal of Improving Fitness Levels among Saudi Arabians will Reduce the Growth Slump caused by the Covid Pandemic: Ken Research
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Mistrzowie ochłodzenia, czyli mrożone kawy w Costa Coffee

Mistrzowie ochłodzenia, czyli mrożone kawy w Costa Coffee
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Aramco's entrepreneurship arm Wa'ed invests $500k in fitness app


RIYADH: Wa’ed, the entrepreneurship arm of Saudi Aramco, has announced a $500,000 bridge investment in GetMuv, the Jeddah-based app dedicated to fitness clubs and health centers.
The investment was through the company’s venture capital arm, Wa’ed Ventures, and is the second injection of cash in GetMuv, following on from a $1.5 million investment in 2019.
The app, which gives Saudi men and women the opportunity to have flexible health and wellness memberships at gyms throughout the Kingdom, plans to use the new funding to expand into the Kingdom’s corporate health and wellness sector.
Wassim Basrawi, Wa’ed managing director, said: “This latest funding reflects our confidence in GetMuv’s business model and clear value to the Kingdom’s future. As an innovative, digital solution that is helping boost fitness levels nationwide, GetMuv is another example of ingenuity that is ‘Made in Saudi Arabia’.” ....

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GetMuv raises $500,000 bridge investment


GetMuv raises $500,000 bridge investment
Saudi Arabia-based health and fitness app GetMuv, has raised a $500,000 (SAR 1.8 million) bridge round from the entrepreneurship arm of Aramco, Wa’ed.
Founded in 2017, GetMuv offers its users flexible memberships across multiple gyms throughout the Kingdom, instead of making long-term commitments to a single club. More than 100,000 Saudis have applied to gym memberships through the app.
“We are grateful to Wa ed for their continued funding support, as we grow and expand our business. Since our startup was created at the end of 2017, GetMuv has developed a loyal customer base of 130,000 registered sport and fitness enthusiasts who gain flexible, affordable, and on-demand access to over 100 top gyms, including Body Masters, KORE, Arena, NuYu, and other sports clubs across Saudi Arabia,” said Ibrahim Yousef, CEO and co-founder of GetMuv. ....

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