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Ruya Partners’ Sar 94 Million ($25 Million) Private Credit Investment In Gymnation, Paves The Way For Saudi Expansion

Ruya Partners’ Sar 94 Million ($25 Million) Private Credit Investment In Gymnation, Paves The Way For Saudi Expansion

11/25/23, 3:45 PM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/AE.svgdubai
Industry
fitness
wellness
Abu Dhabi-based Ruya Partners, the region’s first partner-owned private credit firm based in ADGM, announced today that it has completed a SAR 94 million (USD 25 million) private credit investment into GymNation, UAE’s leading gym chain.

Company Info

Company
GymNation
Location
dubai, dubai, united arab emirates
Additional Info
GymNation is the first affordable and flexible gym chain in The Middle East. It is our strong belief that health and fitness should be affordable and accessible for everyone. At GymNation we hope to achieve this goal by providing gym memberships starting from AED 99/SAR 99 per month, flexible no-contract membership options, and state-of-the-art facilities which are welcoming for everyone, from the first-time gym users through to the most dedicated of athletes. You will find our gyms welcoming with a no-judgments policy, in fact, nearly half of our members are first-time gym users who are only just starting on their health and fitness journey. We are here to make a difference and through GymNation we want to make sure everybody in the UAE and Saudi Arabia has an affordable and welcoming gym option – that’s why we call ourselves THE PEOPLE’S GYM. Despite offering gym memberships at almost a 1/3rd of the rest of gyms, we do not compromise on quality. GymNation operates out of some of the largest gym facilities in the Middle East, has 500+ pieces of state-of-the-art Matrix gym equipment, and offers 400+ FREE classes per month. We also include virtual, on-demand, classes in our offering so you can do a class at any time of day in our virtual studio – perfect for those who work unconventional hours or enjoy training late at night. The only thing we cut out is the frills, but we pass the savings on to you in the form of affordable and flexible membership prices.

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