Dar AlBalad Explores Buying Up to 100% of Two Clouding Companies to Expand Artificial Intelligence Solutions

Key Facts

1Dar AlBalad is exploring buying up to 100% of two Clouding companies under a non-binding memorandum.

2The memorandum was signed on September 3, 2026, disclosed on September 6, 2026 and has a 6-month term.

3No price was disclosed and no financial adviser was appointed, while the memorandum creates no financial obligation if the transaction is abandoned.

4Completion requires a definitive binding agreement and internal and regulatory approvals, while Clouding's products include Empathy Studio.

Dar AlBalad for Business Solutions disclosed on September 6, 2026 a non-binding memorandum with Clouding Computer Systems DWC-LLC and Clouding Intelligence Computer Systems LLC to explore acquiring up to 100% of the two companies. The parties had signed the memorandum on September 3, 2026, before the disclosure was posted on the Saudi Exchange. Dar AlBalad said the potential transaction forms part of its strategy to expand in artificial intelligence solutions. The disclosure did not state a potential transaction price, and the memorandum does not mean the acquisition has been completed.

The memorandum remains effective for 6 months from signing and may be renewed only through a written addendum executed by the parties. It establishes an initial framework for mutual rights and obligations to evaluate the transaction and begin due diligence. It also includes provisions covering information confidentiality, exclusivity and restrictions on certain material actions. No financial adviser has been appointed at this stage; specialized advisers will be engaged for the review, and Dar AlBalad incurs no financial obligation if the acquisition is not completed or is abandoned.

Completion requires the parties to reach a definitive binding agreement setting out the transaction's terms and conditions. The transaction is also subject to the required internal and regulatory approvals from the competent authorities. Dar AlBalad disclosed that there are no related parties to the memorandum. The company undertook to announce material developments, leaving the due diligence outcome, price and definitive terms unresolved.

Clouding presents its business through 3 connected offerings: industry-specific artificial intelligence agents, a layer linking them with enterprise systems, and execution-focused advisory services. Its website says the enterprise layer uses Agentforce and MuleSoft to connect agents, systems and workflows. The site also presents agents and use cases for sectors including real estate, automotive, utilities, media and telecommunications. This background describes the technical capabilities under evaluation, but it provides no published estimate of the targets' revenue or valuation.

Dar AlBalad's disclosure and Clouding's website attribute Empathy Studio to the target, while the product site identifies itself as a Clouding AI product. The site describes the platform as a layer separating what an artificial intelligence agent decides from how the experience is delivered to the customer. It supports WhatsApp, web, mobile applications and voice, with rendering rules and brand and tone controls. The site also presents governance, audit, analytics and A/B testing functions, but those features alone do not determine a commercial value for the potential transaction.