[1] They played in the Armenian Premier League and won two titles, the first in 1998 as Tsement and the 2nd in 2000 as Araks Ararat.

The following year, Tsement yielded the championship to FC Shirak by two points and ended up on the third spot behind Ararat Yerevan.

Eventually, the rights were sold in late 2000 to a new sponsor based in Yerevan and Araks Ararat FC was dissolved.

The club was resurrected a year later for the 2002 season,[2] but since it gave its license for participating in the Premier League to Spartak Yerevan, was unable to participate in Premier League and had to settle to restart from the First League.

Since 2021, the team plays in the Amateur A-League, and since 2024 have their reserve team play in the Amateur B-League.