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31 Dec 2024APEX has acquired Dar Al Balad Contracting (DAB) strengthening its presence in Saudi Arabia’s power and water industrial services sector.
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DAB specializes in engineering and maintenance services, including fire protection systems, supporting the safety and reliability of critical infrastructure. Its offerings include turbine maintenance, chemical cleaning, HVAC installation, and electrical and instrumentation solutions. Key clients include the Saudi Electricity Company (SEC).
The company also holds a 50% stake in a joint venture with STEG IS -KSA, focused on turbine and boiler maintenance, further enhancing its technical capabilities.
APEX stated that the acquisition is part of its broader strategy to consolidate top-tier industrial service providers into a unified platform.
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