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.