Riyadh – Mubasher: Armah Sports Company has announced the republication of its board of directors’ report for the 2025 fiscal year, marking a significant step in its ongoing transition from the Saudi Exchange’s (Tadawul) Parallel Market (Nomu) to the Main Market.

The updated report features refined disclosures regarding board, committee, and executive compensation, ensuring full compliance with the Capital Market Authority’s (CMA) Corporate Governance Regulations.

Armah Sports is currently Nomu-listed under ticker 9590, while this report republication follows the company’s previous announcement on 15 June 2025 regarding the board's approval to move the company’s listing to the Main Market.

As part of this transition, Armah appointed a financial advisor to manage the application process and ensure all regulatory hurdles are cleared in accordance with Tadawul's requirements.

In detail, the company identified the need to amend the report to comply with Article 90, which governs the transparency and detail required in annual disclosures for companies listed on the Main Market.

The revised document replaces the version previously published on Tadawul website on 8 March 2026.

Meanwhile, the amendments are concentrated in the remuneration sections of the report, specifically on pages 122 through 125.

The first major update involves the board of directors’ remuneration table. This section was modified to align with the standardized tables approved under the Corporate Governance Regulations, providing a more precise disclosure of the compensation and benefits received by board members.

In addition to the board-level changes, the company updated the remuneration disclosures for senior executives. This amendment ensures that executive compensation is reported with the level of detail and accuracy expected of Main Market entities.

Furthermore, the remuneration table for committee members was adjusted to meet the same regulatory standards, ensuring consistency across all levels of corporate oversight.

Armah clarified that these updates are technical and regulatory in nature, aimed at fulfilling the prerequisites for the market transition.

The company confirmed that there has been no change in the costs associated with the transition or the republication of the report.