Logo ofDar Albalad for Business Solutions Co.
Dar Albalad for Business Solutions Co. will start today, May 20, trading on the Main Market (TASI), with symbol 7205 and ISIN code SA76IG4JGIH1, at SAR 9.75 per share. 
Daily price fluctuation limits will be set at ±30%, with static price fluctuation limits of ±10%. These limits will apply only during the first three trading days following the listing. Starting from the fourth trading day, daily fluctuation limits will revert to ±10%, while the static limits will be removed.
This marks the second listing on TASI during 2026, following Saleh Abdulaziz Al Rashed and Sons Co. in March.
The company previously floated 21 million shares, representing 30% of its SAR 70 million capital, divided into 70 million shares with a nominal value of SAR 1 per share.
The retail tranche was 375.71% covered, against 6.3 million shares allocated to individual investors, representing 30% of the total offered shares.
Institutional subscription was 66.6 times covered.
Founded in 2001 as a sole proprietorship under Dar Albalad Commercial Establishment, Dar Albalad initially operated under the name Dar Albalad Information and Technology Establishment with a capital of SAR 25,000.
In 2020, the company converted into a limited liability company under the name Dar Albalad Maintenance and Operations Co. A year later, it expanded internationally after executing its first overseas projects. In 2024, it rebranded as Dar Albalad for Business Solutions Co., before becoming a closed joint-stock company in 2025.
The company’s core activities include managed IT services, IT consulting services, managed business services, and the development of smart IoT solutions for the financial and government sectors.
The company is headquartered in Riyadh, with branches in Jeddah and Bahrain, in addition to a branch in Qatar operated through its subsidiary. The company serves clients across the GCC and the Middle East and maintains commercial partnerships in the US. It also operates a 10,000-square-meter industrial facility in Dammam.
Company Profile
Company
Dar Albalad for Business Solutions Co.
Core Activities
Information technology
Capital
SAR 70 mln
Number of Shares
70 mln
Nominal Value
SAR 1/share
Major Shareholders Before and After IPO
Shareholders
Before IPO
After IPO
Number of Shares
(mln)
Ownership (%)
Number of Shares
(mln)
Ownership (%)
Khalil Ibrahim bin Salama
17.83
25.47%
12.21
17.44%
Abdullah Ibrahim bin Salama
11.1
15.87%
7.46
10.66%
Abdulaziz Ibrahim bin Salama
11.11
15.87%
7.46
10.66%
Badr Ibrahim bin Salama
6.12
8.74%
4.11
5.87%
Basma Ibrahim bin Salama
5.96
8.52%
4.01
5.73%
Shaikha Eid Abdulaziz Aleid
5.70
8.14%
3.83
5.47%
Bassam Ibrahim bin Salama
5.36
7.66%
4.26
6.09%
Other shareholders
6.82
9.73%
5.66
8.08%
Public
—
—
21.0
30.0%
Total
70
100%
70
100%
Logo ofDar Albalad for Business Solutions Co.
Dar Albalad for Business Solutions Co. will start today, May 20, trading on the Main Market (TASI), with symbol 7205 and ISIN code SA76IG4JGIH1, at SAR 9.75 per share.
Daily price fluctuation limits will be set at ±30%, with static price fluctuation limits of ±10%. These limits will apply only during the first three trading days following the listing. Starting from the fourth trading day, daily fluctuation limits will revert to ±10%, while the static limits will be removed.
This marks the second listing on TASI during 2026, following Saleh Abdulaziz Al Rashed and Sons Co. in March.
The company previously floated 21 million shares, representing 30% of its SAR 70 million capital, divided into 70 million shares with a nominal value of SAR 1 per share.
The retail tranche was 375.71% covered, against 6.3 million shares allocated to individual investors, representing 30% of the total offered shares.
Institutional subscription was 66.6 times covered.
Founded in 2001 as a sole proprietorship under Dar Albalad Commercial Establishment, Dar Albalad initially operated under the name Dar Albalad Information and Technology Establishment with a capital of SAR 25,000.
In 2020, the company converted into a limited liability company under the name Dar Albalad Maintenance and Operations Co. A year later, it expanded internationally after executing its first overseas projects. In 2024, it rebranded as Dar Albalad for Business Solutions Co., before becoming a closed joint-stock company in 2025.
The company’s core activities include managed IT services, IT consulting services, managed business services, and the development of smart IoT solutions for the financial and government sectors.
The company is headquartered in Riyadh, with branches in Jeddah and Bahrain, in addition to a branch in Qatar operated through its subsidiary. The company serves clients across the GCC and the Middle East and maintains commercial partnerships in the US. It also operates a 10,000-square-meter industrial facility in Dammam.
Company Profile
Company
Dar Albalad for Business Solutions Co.
Core Activities
Information technology
Capital
SAR 70 mln
Number of Shares
70 mln
Nominal Value
SAR 1/share
Major Shareholders Before and After IPO
Shareholders
Before IPO
After IPO
Number of Shares
(mln)
Ownership (%)
Number of Shares
(mln)
Ownership (%)
Khalil Ibrahim bin Salama
17.83
25.47%
12.21
17.44%
Abdullah Ibrahim bin Salama
11.1
15.87%
7.46
10.66%
Abdulaziz Ibrahim bin Salama
11.11
15.87%
7.46
10.66%
Badr Ibrahim bin Salama
6.12
8.74%
4.11
5.87%
Basma Ibrahim bin Salama
5.96
8.52%
4.01
5.73%
Shaikha Eid Abdulaziz Aleid
5.70
8.14%
3.83
5.47%
Bassam Ibrahim bin Salama
5.36
7.66%
4.26
6.09%
Other shareholders
6.82
9.73%
5.66
8.08%
Public
—
—
21.0
30.0%
Total
70
100%
70
100%
