The stadium was built in 2007, by the "Arnar" Charitable Fund[1] directed by the Armenian businessman Artsruni Ghalumian.[2] The first ever competitive match in Arnar Stadium was the Armenian Independence Cup final match in 2008 between Ararat Yerevan and Banants.[3] Ararat Yerevan won the title defeating Banmants 2-1 after extra time with the presence of 2,500 spectators.