ECG expands industrial services portfolio with DAB acquisition

Energy Capital Group (ECG) has announced the acquisition of Dar Al Balad Contracting (DAB) through its investment fund, ECG2.0-Fund2.

According to ECG, the acquisition strengthens its position in Saudi Arabia’s power and water industrial services sector.

DAB provides engineering and maintenance services, including fire protection systems, supporting the operational integrity of critical infrastructure.

ECG stated that this acquisition is part of its broader strategy to consolidate leading industrial service providers into a single platform, with plans to list it on Tadawul within two years.

DAB’s fire protection expertise

DAB supplies and installs fire protection systems, fire alarms, and firefighting solutions for industrial clients, including the Saudi Electricity Company (SEC).

Its fire safety services form part of a broader offering that includes gas and steam turbine maintenance, chemical cleaning, and mechanical equipment installation.

The company also provides HVAC system installations, expansion joints, and electrical and instrumentation solutions.

DAB’s fire protection services contribute to maintaining safety standards in industrial facilities, ensuring compliance with local regulations.

Strategic partnership with STEGIS-KSA

DAB operates a joint venture with the Saudi Tunisian Electricity, Gas & Industrial Services Company (STEGIS-KSA), holding a 50% stake in the partnership.

The joint venture focuses on turbine and boiler maintenance, enhancing DAB’s technical capabilities and expanding its service offerings.

ECG noted that this collaboration strengthens its market position by leveraging cross-client relationships.

ECG’s national industrial services platform

ECG’s acquisition of DAB is part of its effort to establish a national industrial services platform.

The firm aims to integrate key service providers into a single entity to drive efficiency and sector-wide growth.

ECG plans to list this platform on Tadawul, aligning with Saudi Arabia’s Vision 2030 goals for industrial infrastructure development.

Energy Capital Group acquires Dar Al Balad Contracting to strengthen fire protection services in Saudi Arabia: Summary

Energy Capital Group (ECG) has acquired Dar Al Balad Contracting (DAB) through ECG2.0-Fund2.

DAB provides industrial services, including fire protection system supply and installation, for clients such as the Saudi Electricity Company.

The acquisition strengthens ECG’s position in Saudi Arabia’s power and water industrial services sector.

DAB operates a joint venture with STEGIS-KSA, focusing on turbine and boiler maintenance.

ECG plans to integrate DAB into its national industrial services platform, which will be listed on Tadawul within two years.

The company stated that this move supports its strategy to consolidate industrial service providers and enhance operational capabilities across the sector.