Riyadh - Mubasher: The book building process for institutional subscribers in the shares of Dar Al Balad for Business Solutions, a leading information technology and industrial solutions company in the Kingdom of Saudi Arabia, commences today,Sunday 09/11/1447H, corresponding to 26/04/2026G, and concludes on Thursday 13/11/1447Hcorresponding to30/04/2026G, in preparation for the public offering and listing of 30% of the company's shares on the Main Market of the Saudi Exchange (Tadawul).
Commenting on this paramount step, Dr. Abdullah AlJuraish, Chairman of the board, said: "Announcing our intention to float the company's shares on Tadawul is a strategic milestone in our journey, as we seek to strengthen our position as a pioneer provider of integrated and diverse solutions. The company is a multi-service platform that combines information technology, managed business solutions, and specialized industrial solutions."
AlJuraish added: "Adopting this multi-dimensional business model enables us to provide innovative and comprehensive solutions that seamlessly and efficiently meet the diverse and changing needs of our clients."
The Capital Market Authority announced its approval on 31 December 2025 of Dar Al Balad application to register its shares and offer 21,000,000 shares, representing 30% of its capital for public subscription.
It is worth stating that Dar Al Balad for Business Solutions has established its position since its inception in 2001 by focusing on key distinguishing elements, including, but not limited to its innovative business model, operational efficiency, strong competitive position, and solid financial performance.
Excellence in Project Execution
Thanks to its flexible and efficient operational structure, Dar Al Balad for Business Solutions can execute projects with high efficiency and make appropriate decisions in a timely manner. This dynamic model helps achieve results that exceed clients’ expectations, thereby fostering continuous trust between the company and its partners.
Market Challenges
The company operates in sectors that require high-level ofIT expertise combined with strong and sustainable relationships with clients. The highly technical characteristics and strict professional standards make market entry a significant challenge for new companies, which gives Dar Al Balad for Business Solutions an established competitive advantage and enhances its ability to build long-term partnerships based on trust and commitment.
A Robust Strategy for Expansion and Growth
Dar Al Balad for Business Solutions seeks to expand its presence in the Middle East, leveraging its successful entry into the markets of Bahrain and Qatar. The regional expansion strategy will also enable the company to continue strengthening its position in the Middle Easton a large scale.
Against the backdrop of the increasing development of regional infrastructure and the growing need for smart city technologies, the expansion will allow the company to enter new markets and enhance its presence on the global stage.
As part of a clear strategic plan aimed at expanding its service scope and enhancing the capabilities in providing IT and non-IT business solutions, as well as industrial and specialized solutions, the company completed the acquisition of GSC Solutions (formerly known as Global Specialty Chemicals Company) in January 2025. This acquisition was a qualitative leap in the company’s ability to achieve its strategy of diversifying its solutions and entering the industrial sector, particularly in relation to Internet of Things (IoT) and artificial intelligence (AI) solutions for the industrial sector, in line with national initiatives such as the "Future Factories Program" launched by the Ministry of Industry and Mineral Resources.
Furthermore, the company is developing a mobile application to serve as a digital platform connecting sellers and buyers, facilitating transactions of goods and services through a user-friendly interface. The application aims to support revenue growth and enhance the company's digital presence, supporting its position as a comprehensive and integrated solution provider.
Sustainable Financial Success
Dar Al Balad for Business Solutions continues to achieve strong financial performance, reflecting its ability to grow sustainably and adapt to market requirements. In 2025, the company revenuegrew by 30% to reach SAR 315.3 million, higher than SAR 243.3 million in 2024. Net profit also rose by 28%,to reach SAR 50.5 million in 2025, compared to SAR 39.6 million in 2024, reflecting continued strong profitability and operational efficiency.
Growth in 2025 was primarily driven by the continued expansion in the company's core business, particularly in IT managed service, IT consulting services, and business managed services, not to mention the contribution of industrial activities following the acquisition of GSC Solutions in January 2025. The number of employees in key sectors also increased, as the average number of employees in IT managed services rose from 328 employees in 2024 to 368 employees in 2025, and in information technology consulting services from 241 to 291 employees, reflecting increased demand from existing clients and broadening business scope. Furthermore, IT managed services, IT consulting services, and business managed services accounted for 47.4%, 33.3%, and 12.7% of 2025 revenues respectively, confirming the company's continued reliance on its core operational business as a primary growth driver.
In 2024, the company revenue reached SAR 243.3 million, compared to SAR 195.5 million in 2023, up by 25%. Net profit also rose by 22% to reach SAR 39.6 million in 2024, compared to SAR 32.5 million in 2023. This growth is attributed to the expansion of existing business volumes, supported by an increase in the average number of employees. The number of employees in managed information technology services rose from 222 employees in 2023 to 328 employees in 2024, and in information technology consulting services rose from 221 to 241 employees during the same period, due to increased demand from existing clients and the enhancement of the company's operational capacity.
