Dar Albalad For Business Solutions Company
TTADAWUL:720510.00
SAR
-0.70
(-6.54%)
Dar Albalad For Business Solutions Company
TADAWUL:7205
(Saudi Exchange)
Recent
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10.00
P/E
ratio
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div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Dar AlBalad for Business Solutions Company Ltd. (ADDAR Group) IT services and business solutions provider headquartered in Riyadh, Saudi Arabia, with operations across Saudi Arabia and Bahrain. Founded in 1999, the company focuses on IT outsourcing, supplemental IT staffing, and managed IT services for banking/finance, public and private sectors, as well as government and utilities. Primary activities span IT infrastructure and operations support, service desk and end-user support, application maintenance and modernization, IoT device supply and management (LoRaWAN/LPWAN), and related supply chain, administrative, and logistics management services. Core offerings are complemented by IoT hardware provisioning, deployment, and ongoing device management, along with professional services for systems integration, network engineering, cybersecurity, and enterprise solutions. Headquarters are in Riyadh, with multiple regional offices across major Saudi cities and a branch in Bahrain, aligning with ADDAR Group’s mandate to provide comprehensive technology and business process outsourcing capabilities. The company serves clients in finance, telecommunications, government, healthcare, insurance, and other sectors requiring digital transformation, IT modernization, and risk-managed outsourcing arrangements. Recent strategic developments include partnerships and collaborations within the technology ecosystem, expanded service portfolios in IoT and managed services, potential regional expansion initiatives, and ongoing investments to enhance operating capabilities and delivery scale across Saudi Arabia and the Gulf region. This description reflects the company’s focus on delivering end-to-end IT outsourcing, managed services, and IoT-enabled solutions to enterprise and public-sector customers, anchored by its Saudi base and regional footprint.