Dar Al Balad Contracting and Operations
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Dar Al Balad Contracting and Operations - overview
Established
1996
Location
Riyadh, -, Saudi Arabia
Primary Industry
Business Support Services
About
Based in Riyadh, Saudi Arabia, and founded in 1996, Dar Al Balad Contracting and Operations is a subsidiary of the ADDAR Group. The company offers contracting and operations solutions related to Oil and Gas, Petrochemical/Chemical, and Power. In March 2025, Energy Capital Group, acquired Dar Al Balad Contracting. Dar AlBalad provides services such as full general overhauls, equipment repairs, relocations, engineering service agreements, condition monitoring, and spare parts supply.
The company also engages in technical consultancy and partners with international firms to source advanced technologies and solutions, particularly for rotating equipment and gas turbine systems. The March 2025 acquisition will enable the company to enhance financial backing, market expansion and operational growth.
Current Investors
Energy Capital Group
Primary Industry
Business Support Services
Sub Industries
Consulting Services, Engineering, Facilities & Maintenance Services, Oil & Gas Equipment and Services, Power Generation Equipment & Services, Industrial Machinery
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
Dar Al Balad Contracting and Operations - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Buyout | Completed | Dar Al Balad Contracting and Operations | - |
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