Dar Al Balad: Net profit rises 28% in 2025; business snapshot

Logo of Dar Al Balad for Business Solutions 

The book building process for institutional subscribers in the shares of Dar Al Balad for Business Solutions commences today, April 26, 2026, and concludes on Thursday, April 30, 2026, in preparation for a public offering on the Main Market of the Saudi Exchange (Tadawul).

The Capital Market Authority announced its approval on 31 December 2025 on Dar Al Balad application to register its shares and offer 21,000,000 shares, representing 30% of its capital for public subscription.

Commenting on this paramount step, Abdullah Al-Juraish, Board Chairman, 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."

Al-Juraish 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."

Dar Al Balad for Business Solutions was established in 2001 and provides managed IT services, technology consulting, and business services, in addition to developing Internet of Things (IoT) solutions for the financial, government, semi-government, and industrial sectors.

The company is headquartered in Riyadh, with branches in Jeddah and Bahrain, as well as a presence in Qatar through its subsidiary. It serves clients across the GCC and the broader Middle East, in addition to maintaining business partnerships in the United States. The company also operates an industrial facility in Dammam.

Al-Juraish noted that the company has strengthened its market position by building on key competitive pillars, including its innovative business model, operational efficiency, strong competitive positioning, and solid financial performance.

The company explained that its flexible and efficient operating structure has enabled it to execute projects with high efficiency and make timely decisions. This dynamic model supports the delivery of results that exceed client expectations, reinforcing long-term trust with its partners.

Dar Al Balad’s client base includes more than 60 clients across both the public and private sectors, with a growing concentration in the financial sector in recent periods, according to the prospectus.

Its clients span a wide range of sectors, including software and services, government, capital markets, insurance, healthcare, telecommunications, and industrial sectors, as outlined in the table below:

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. This also supports enhancing its regional and global presence amid growing need for smart city technologies.

In January 2025, Dar Al Balad completed the acquisition of GSC Solutions. This acquisition helped the company enter 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.

Dar Al Balad’s subsidiary operates an industrial facility in Dammam used to mix externally sourced chemicals into specialized products tailored to client needs.

The facility also provides Reclamation Services for industrial chemicals, receiving materials, processing them, and returning them to clients. In addition, it serves as a logistics hub for storing raw materials and finished products prior to distribution.

Furthermore, the company is developing a mobile application to serve as a digital platform connecting sellers and buyers, to enhance its digital presence.

On financial results, 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’s revenue grew 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. Growth in 2025 was primarily driven by the continued expansion in the company's core business, particularly in IT managed services, IT consulting services, and business managed services, not to mention the contribution of industrial activities following the acquisition of GSC Solutions in January 2025.

In 2024, the company revenue reached SAR 243.3 million, compared to SAR 195.5 million in 2023, up by 25%. 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.

On revenue breakdown, managed IT services, IT consulting, and managed business services, accounted for 51%, 36%, and 13%, respectively, of total revenue in 2024.

During the six-month period ended June 30, 2025, managed IT services, IT consulting, and managed business services contributed approximately 47.4%, 33.3%, and 12.7%, respectively, to total revenue. The company noted that its core operating activities remain the primary driver of growth.