25 Years of Leadership in IT Services
Integrated IT services empowering operational excellence
Company at Glance
Dar Albalad for Business Solutions Company is a Saudi joint-stock company, incorporated under Unified Commercial Registration No. 7002303746 dated 17/05/1422H (corresponding to 07/08/2001G), and headquartered in Riyadh. The Company's current capital is seventy million (70,000,000) Saudi Riyals, fully paid up, divided into seventy million (70,000,000) ordinary shares with a par value of one (1) Saudi Riyal per share, fully paid.
Since its incorporation more than twenty-five years ago, the Company has firmly established its position in the information technology services sector in the Kingdom of Saudi Arabia. Its main services include managed IT services, IT consulting services, and managed business services. The Company has also continued to develop its capabilities in smart Internet of Things (IoT) solutions, expanding its operations to include the sale, installation, maintenance, and support of IoT networks based on Long Range Wide Area Network (LoRaWAN) and Low Power Wide Area Network (LPWAN) technologies, as well as connectivity solutions for smart cities and smart factories serving the industrial sector.
In Saudi Arabia, the Company is the sole distributor of MultiTech Systems, a US-based company specializing in the supply and installation of IoT and communication devices, such as communication gateways, modems, routers, and sensors. The Company's future strategy includes increasing its IoT capabilities to encompass diverse end-user applications across various sectors. It also plans to invest in emerging digital technologies, such as artificial intelligence (AI) and cybersecurity solutions, to boost revenue and strengthen its market share.
The Company’s services have expanded to offer exceptional industrial solutions, alongside its strategy to enhance its capabilities in IoT, AI, and cybersecurity services
As part of its expansion into the industrial sector; in January 2025, the Company acquired 100% of the share capital of GSC Solutions (formerly known as Global Specialty Chemicals Company) (“the Subsidiary”) from Dar Al Balad Trading Company, the parent company of both. The Subsidiary provides innovative industrial solutions, including industrial reclamation and industrial maintenance services.
It boasts a long history in the Saudi market, thanks to its established expertise in its field. The Subsidiary has successfully built long-term partnerships with prominent players in the oil, gas, and petrochemical sectors, such as Saudi Aramco, Saudi Basic Industries Corporation (SABIC), and Qatar Fertilizer Company (QAFCO). This strengthens its position in the regional market and unlocks its potential, particularly as its services align with the Kingdom’s Vision 2030 strategies for environmental sustainability through waste reduction and increased energy efficiency.
As a result of this merger, the Company now offers three main business lines:
The Company has branches in Jeddah and Bahrain, industrial facility in Dammam, and a branch in Qatar
Regarding financial performance, the Company demonstrated significant growth, with revenues reaching SAR 155.8 million in the first half of 2025G, a 36% increase compared to the first half of 2024G.
As of June 30, 2025G, the Company employed more than 850 people, reflecting its expanding operations and the human resources supporting its growth. Overall, Dar Albalad for Business Solutions remains at the forefront of technology companies in Saudi Arabia, thanks to its innovative strategies, strong partnerships, and commitment to achieving excellence in business solutions, industrial solutions, and advanced technologies.
The Company’s Leadership Statement
Dar Albalad for Business Solutions is pleased to announce its intention to list its shares on the Saudi Stock Exchange (Tadawul). This strategic and significant step coincides with the Company's expansion and increased presence in the Middle East, building on its successful market entry in Bahrain and Qatar and its 25 years of experience. This announcement reaffirms our unwavering commitment to the Company's sustainable growth and its leading position in providing technical and non-technical business solutions, as well as specialized industrial solutions. It also underscores our active contribution to the ambitious digital transformation initiatives within the Kingdom's Vision 2030, and highlights the Company's robust governance, transparency, and full compliance with all applicable regulations and laws in its operations. Demand for business solutions has surged over the past five years, driven by the government's focus on diversifying investments in non-oil sectors. This growth is further supported by the continuous development of digital infrastructure and digital transformation initiatives across both public and private sectors. This demand for business solutions is expected to continue growing until 2029G, driven by the ongoing expansion of mega infrastructure projects associated with Vision 2030 and increased Saudi government investment in non-oil sectors. The growing demand for advanced business solutions in the Kingdom is an opportunity for us to move towards strengthening our business model and diversifying our portfolio of services to include advanced technologies in the field of cybersecurity and others driven by artificial intelligence and business solutions in all sectors, especially after the Company fully acquired GSC Solutions in January 2025G, whose industrial solutions enjoy a distinguished position that aligns with the strategies of the Kingdom’s Vision 2030, which aims to increase recycling rates, and reduce energy consumption in the oil, gas, petrochemical and manufacturing sectors, thus contributing to reducing negative environmental impacts.
Dar Al Balad in Numbers
Revenues for 2025G, an increase of 30%
Net profit for 2025G, an increase of 28%
Revenue for 2024G, an increase of 25%
Net profit for 2024G, an increase of 22%
Company's capital, divided into 70 million shares
Years
of experience in various sectors
Development & Growth Strategy
Developing the Digital Marketplace on Mobile Devices
Dar Al Balad is developing an advanced digital platform to bridge the gap between sellers and buyers, thereby facilitating transactions for goods and services. By providing a user-friendly interface, the platform enables users to browse products offered by various sellers, compare them, and make purchasing decisions. The Company has also launched an initiative to develop a mobile application for the digital marketplace, specifically designed to support business-to-business (B2B) and business-to-consumer (B2C) transactions.
Diversifying Services and Enhancing Cybersecurity and Artificial Intelligence
In response to the growing demand for advanced cybersecurity and AI solutions, and to diversify its service portfolio, the Company has focused on providing cutting-edge cybersecurity and AI services. This is to meet the evolving needs of its clients in highly regulated sectors, such as finance, healthcare, industry, and government. By investing in these high-growth areas, the Company aims to remain at the forefront of digital security and AI innovation, positioning itself as a trusted partner in delivering a digital future for its clients.
Geographical Expansion in Middle Eastern Markets
The Company is building on its successful market entry in Bahrain and Qatar. This expansion strategy will allow the Company to capitalize on the growing demand for industrial solutions and further strengthen its position across the Middle East. With the increasing development of regional infrastructure and the growing need for smart city technologies, this expansion will enable the group to enter new markets and enhance its global presence.
Global Partnerships to Foster Innovation
The Company is committed to strengthening its technology partnerships with leading global players in the fields of the Internet of Things (IoT), artificial intelligence (AI), and cybersecurity. It continues to develop its services and maintain its competitive edge in the market, reinforcing its position at the forefront of technological advancements and enabling it to continue providing solutions that meet the increasingly complex needs of its clients across various sectors.
Operational Excellence and Best Practices
The Company is committed to operational excellence and adherence to regulations and standards in all its operations. It also adopts best practices and international governance standards. This maintains its position as a trusted partner for government entities and major corporations. Continuously improving operational processes, maintaining high governance standards, and proactively anticipating and complying with regulatory requirements enhances the Company's standing, customer trust, and long-term growth.
Expanding the Subsidiary's Regional Footprint
The Subsidiary strategically leverages its existing relationships with leading gas producers in the region to expand its business opportunities in the Middle East and North Africa. Building on these established relationships, the Subsidiary aims to enter new markets and replicate its success. This strategy strengthens the Subsidiary's competitive position and supports its continued growth in the industrial reclamation chemical treatment services sector.
Leveraging the Subsidiary's Extensive Customer Base
The Subsidiary focuses on expanding its service offerings and acquiring new technologies to enhance its capabilities. Its strong customer base and established relationships with leading gas manufacturers enable it to forge partnerships with technology providers and incorporate new innovations into its services. This strategy enhances the Subsidiary's value proposition, allowing it to lead the sector and meet its customers' needs.
Trusted partners in providing a digital future for our clients and delivering unparalleled services
Initial Public Offering (IPO)
Dar Albalad for Business Solutions, a leading provider of information technology and industrial services (referred to as "Dar Albalad for Business Solutions" or the "Company"), is pleased to announce its intention to launch an initial public offering (IPO) of its shares ("the Offering") and list them on the Main Market of the Saudi Stock Exchange ("Tadawul").
The Capital Market Authority (CMA) approved the Company's application for share registration on December 31, 2025G. The IPO will consist of twenty-one million (21,000,000) ordinary shares, representing thirty percent (30%) of the Company's share capital.
The shares will be offered to individual subscribers, investors, and participating entities as per the Prospectus. Qualified foreign investors will also be able to trade the Company's shares in accordance with the regulations governing foreign investment in securities.
Total number of shares offered
Percentage of shares to be initially allocated to Participating Parties
Maximum number of shares to be allocated to individual subscribers
IPO Timeline
Announcement of the Prospectus and the intent of the IPO
21 Apr 2026
Announcement of the price range
26 Apr 2026
Commencement of the book-building process
26 Apr 2026
Completion of the book-building process
30 Apr 2026
Commencement of the retail subscription period
10 May 2026
End of the retail subscription period
14 May 2026
Announcement of the final allocation of shares
18 May 2026
Refund of any excess subscription amounts (if applicable)
21 May 2026
Strengths and Competitive Advantages
An Established Reputation, Extensive Experience, and Long-Term Client Relationships
For over a quarter of a century, Dar Al Balad has built a solid reputation in highly regulated sectors, including government entities, financial services and banking sector, insurance, and oil and gas industry. The Company has structured a team with extensive experience and deep expertise, enabling it to deliver innovative and effective solutions that meet diverse client needs. Dar Al Balad prides itself on maintaining relationships with its most prominent clients for over twenty years, a testament to its trustworthiness and quality of work. The Company has adopted a client-centric approach to fostering sustainable relationships by prioritizing customized solutions tailored to client requirements, focusing on rapid response, and proactively engaging with clients. The Company's ability to understand and address unique client needs is reflected in the renewal of business relationships and the continued demand for its services, as well as in generating opportunities to attract new clients based on referrals from existing clients as they move to new locations and projects. In addition, the Company boasts a high-caliber client base, which strengthens its position in the recruitment field and enables it to attract top talent and innovators, thus enhancing its workforce and solidifying its technical expertise.
Comprehensive Solutions and Integrated Services
The Company offers a comprehensive portfolio of business, industrial, and specialized solutions, eliminating the need for clients to deal with multiple service providers. It provides managed IT services, IT consulting services, managed business services, and smart IoT solutions, while its Subsidiary offers industrial chemical waste treatment services using proprietary American technology, in addition to industrial maintenance services. This diversification of services ensures operational efficiency, ease of use, and enhanced value for clients. In addition to its on-site teams, Dar Al Balad leverages remote execution teams located outside the Kingdom to ensure 24/7 service availability and continuous project execution. Furthermore, the Company's advanced digital tools and platforms contribute to increased productivity, transparency, and collaboration between field and remote teams. Effective Cost Reduction Practices and Access to High-Barrier Markets
Effective Practices to Reduce Costs and Access to Markets with High Barriers to Entry
Dar Al Balad is committed to delivering the best value at the lowest possible cost by optimizing operational expenses. In addition, the Company has cultivated long-term relationships with financial institutions, insurance companies, and government entities, providing reliable revenue streams and mitigating risk of competition. The Subsidiary's licensing to use proprietary US technology, available to only a select few globally, and its patented purification services (based on distillation or ion exchange) offer a significant competitive advantage in the oil and gas sector, which typically has high barriers to entry. The Subsidiary has also established long-term relationships with some of the region's largest gas producers, facilitating market access in new geographic areas. Furthermore, both companies benefit from strong financial standing, enabling them to self-finance their projects and maintain operations even in the event of customer payment delays.
Operational Flexibility and Proactive Customer Support
Providing proactive customer support and operational flexibility are among the Company's top priorities. It continuously monitors systems and relies on proactive analytics to identify and resolve potential issues before they impact customers, ensuring uninterrupted service availability. The Subsidiary also offers off-site reclamation services from its industrial facility in Dammam, which are characterized by their flexibility and contribute to minimizing downtime for clients in the industrial sector. The Company is committed to making swift decisions within its operations to expedite contract negotiations and respond immediately to customer requirements during project execution. This flexibility enhances the Company's reliability as a dependable partner in complex operations.
Strategic Partnerships That Make a Difference
The Company has established strategic alliances with leading global technology companies and has acquired the distribution rights for MultiTech Systems, a leader in the Internet of Things and Long-Range Wide Area Network (LoRaWAN) technology, in the Kingdom of Saudi Arabia. In addition, the Subsidiary holds licenses to use US-made reclamation technology. Thanks to these strategic partnerships, the Company remains at the forefront of technological advancements, offering next-generation smart city solutions, as well as industrial automation and digital transformation initiatives.
Regulatory Leadership and International Standards
The Company adheres to the highest international standards, enhancing its competitiveness. It has obtained ISO 9001 Quality Management, ISO 14001 Environmental Management, and ISO 45001 Occupational Health and Safety certifications, along with the Tech Platform certification. It is also classified as a Grade A contractor, enabling it to secure government projects exceeding SAR 200 million. The Subsidiary complies with stringent regulatory requirements in the oil and gas sector, ensuring the smooth execution of its operations in highly regulated environments. These certifications contribute to increased customer confidence and credibility, enabling the Company to secure large-scale contracts.
Strategic Advantages in Industrial Chemical Remediation
The Subsidiary has been licensed to utilize a US-based technology available to only a limited number of companies globally, specializing in industrial chemical remediation services. The Company is in demand by the region's largest oil and gas companies, giving it a unique advantage over its competitors. Working with the region's two largest gas producers facilitates access to other markets and geographic areas, providing a competitive edge in the oil and gas sector, which is known for its high barriers to entry. The technology requires minimal resources, enabling the Company to reduce costs. Furthermore, the Company can generate more opportunities to attract new clients by recommending the technology to existing customers by expanding into new locations or partnering with new clients in the same sector, thus enabling continuous business growth.
A Robust Infrastructure with High Readiness and Scalable
The Company owns a 10,000-square-meter industrial facility in the Second Industrial City in Dammam, providing significant operational flexibility and enabling it to offer remediation services beyond the client's site. With half of the facility available for expansion, the Company has the capacity to introduce new services and products. To further expand the group's industrial capabilities. This strengthens the Company's infrastructure as well as its ability to capitalize on any future growth opportunities across various industries.
Members of the Board of Directors
Dr. Abdullah Sulaiman Mohammed Al-Juraish
Chairman of the Board
Dr. Al-Juraish served as Chairman of the Board and received his PhD in Systems from the Islamic University of Madinah in Saudi Arabia, 2018G. He also served as CEO (from 2023G to 2024G) of the Saudi Advanced Industries Company, a public joint stock company operating in the industrial sector.
Subscription Mechanism
IPO Background
The Company has obtained the necessary approvals from the Capital Market Authority and the Saudi Stock Exchange (Tadawul) to proceed with the offering and listing process as follows:
- The Company's initial public offering (IPO) will consist of twenty-one million (21,000,000) ordinary shares, representing 30% of the Company's share capital.
- The shares will be offered to individual subscribers and participating entities.
- Twenty-one million (21,000,000) ordinary shares, representing 100% of the total offering, will be initially allocated to participating entities. Final allocation will be determined after the individual subscription period ends. If there is sufficient demand from individual subscribers, the lead manager may reduce the number of shares allocated to participating entities to a minimum of fourteen million seven hundred thousand (14,700,000) ordinary shares, representing seventy percent (70%) of the total offering.
- A maximum of 6,300,000 ordinary shares, representing 30% of the total offering, will be allocated to individual subscribers.
- The final offering price per share will be determined after completion of the book-building process.
- The Offering shares will be listed and traded on the Saudi Stock Exchange's Main Market after completion of the IPO and listing procedures with the Capital Market Authority and the Saudi Stock Exchange.
Eligible Groups for Participation in the Offering
Subscription to the offering shares is limited to two groups of investors:
Tranche (A) Participating Parties:
This tranche comprises parties eligible to participate in the book-building process in accordance with the Book- Building Instructions and Allocation Method in Initial Public Offerings, as issued by the Capital Market Authority (hereinafter referred to as the “CMA”) (said Instructions shall hereinafter be referred to as the “Book- Building Instructions”) (said parties shall be collectively referred to as the “Participating Parties” and each a “Participating Party”). The number of Offer Shares to be initially allocated to Participating Parties effectively participating in the book-building process is twenty-one million eight (21,000,000) Ordinary Offer Shares, representing 100% of the total Offer Shares. The final allocation will take place after the end of the subscription period for individuals. If there is sufficient demand from individual subscribers (defined as Tranche "B" below), the Financial Advisor may reduce the number of shares allocated to participating Parties to a minimum of fourteen million seven hundred thousand (14,700,000) ordinary shares, representing seventy percent (70%) of the total Offering. The number and percentage of shares to be allocated to Participating Parties will be determined by the Financial Advisor in coordination with the Company.
Tranche (B) Individual Subscribers:
This tranche includes Saudi Arabian nationals, including any Saudi female divorcee or widow with minor children from a marriage to a non-Saudi person who can subscribe in her own name or in the names of her minor children, on the condition that she proves that she is a divorcee or widow and the mother of her minor children; and non-Saudi natural persons either residing or not residing in the Kingdom who have an investment account and an active portfolio with one of the Receiving Entities or have the right to open an investment account with a Capital Market Institution (collectively, the “Individual Subscribers”, and each an “Individual Subscriber”). Subscription by a person in the name of his divorcee shall be deemed invalid. If a transaction of this nature is proved to have occurred, the applicable regulations shall be enforced against such person. If a duplicate subscription is made, the second subscription will be deemed void, and only the first subscription will be accepted. A maximum of six million three hundred thousand (6,300,000) Ordinary Shares, representing thirty percent (30%) of the Offer Shares, shall be allocated to Individual Subscribers. In the event that the Individual Subscribers do not subscribe in full for the Offer Shares allocated to them, the Financial Advisor may reduce the number of Offer Shares allocated to Individual Subscribers in proportion to the number of Offer Shares subscribed for thereby.
Qualified foreign investors will be able to trade the Company's shares in accordance with the regulations governing foreign investment in securities. For more information, you can download the Prospectus from the Capital Market Authority’s website or through the subscription page on the Company's website
How to subscribe for Participating Parties
Participating Parties can obtain subscription application forms from the Book Runner during the book-building period and subscription forms from the Lead Manager after the initial allocation. The Book Runner, after obtaining approval from the Capital Market Authority, will offer the Offering Shares to the Participating Parties only during the Book-Building period. The subscription process for Participating Parties, including Individual Subscribers, begins during the Offering Period, in accordance with the terms and instructions detailed in the subscription forms. The signed and stamped subscription form must be submitted to the Book Runner. This form constitutes a binding agreement between the Selling Shareholder and the Participating Party submitting the application.
How to Subscribe by Individuals Tranche
Individual investors wishing to subscribe to the Offering Shares must submit their subscription applications electronically through the websites and platforms of the Receiving Entities, provided that:
The Individual Subscriber must have an investment account and an active portfolio at the Receiving Entity providing these services or have the right to open an investment account with a Capital Market Institution.
No changes have been made to the individual subscriber's information or data (by adding or removing a family member) since their last initial public offering.
Any oversubscription will be refunded to the individual subscriber's investment account with the receiving entity that initially deducted the subscription amount, without any commissions or deductions by the Bookrunner (Lead Manager) or Receiving Entities. Refunds will not be permitted in cash or to third-party accounts.
Lock-up Period:
The Selling Shareholder is prohibited from disposing of their shares for six months from the date the Company's shares begin trading on the Exchange. They may dispose of their shares after this period without obtaining prior approval from the Capital Market Authority (CMA).
Frequently Asked Questions
Important Resources
Financial Advisor, Lead Manager and Underwriter
Joint Bookrunners
Receiving Entities
For more information about the Receiving Agents, please refer to the Prospectus published on the websites of the Company and the Capital Market Authority.