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Energy Capital Group’s ECG2.0-Fund2 Acquires Dar Al Balad Contracting (DAB), Strengthening Its Industrial Services Platform

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RIYADH, Saudi Arabia, March 12, 2025 /PRNewswire/ — Energy Capital Group (ECG) has announced the successful acquisition of Dar Al Balad Contracting (DAB) through its investment vehicle, ECG2.0-Fund2. This acquisition marks a significant milestone in ECG’s strategy to build a leading industrial services national champion, with plans to list the platform on Tadawul within the next two years.

 

 

The acquisition further solidifies ECG2.0-Fund2’s position as a key player in Saudi Arabia’s Power and Water Industrial Services sector. This move aligns with Vision 2030, reinforcing ECG’s commitment to enhancing the Kingdom’s industrial infrastructure and supporting national energy and utility initiatives.

DAB: A Leading Provider of Industrial Services

DAB has established itself as a premier engineering service provider, specializing in maintenance solutions for the Saudi Electricity Company (SEC) and other key industrial clients. The company’s expertise ensures the reliability, efficiency, and operational integrity of critical infrastructure in the Power and Industrial sectors.

DAB’s core services and products include:

Inspection, Overhaul, and Repair of Gas and Steam Turbines, Supercritical boilers, Heat Recovery Steam Generators (HRSG), and their auxiliaries.Supply and install Steam Water Analysis System (SWAS), chemical cleaning, and specialized manpower supply.Equipment Installation – HVAC systems, cooling towers, ID / FD fans, pumps, and valves.GT Compressor Water Wash skids for gas turbine, Cyclone Vacuum Dust collection system.Manufacturing Mechanical Seals, Supply and installation of Expansion JointsFire Protection Systems – Supply and installation of fire protection, fire alarm, and firefighting systemsElectrical & Instrumentation – Cabling, CCTV, control panels, and temperature control instruments

Strategic Expansion Through STEGIS-KSA Joint Venture

In 2013, DAB entered into a joint venture with STEG-IS, forming the Saudi Tunisian Electricity, Gas & Industrial Services Company (STEGIS-KSA). DAB holds a 50% stake in the partnership, focusing on turbine maintenance, while STEG-IS specializes in Turbine and boiler maintenance. This collaboration enhances service capabilities and unlocks new growth opportunities by leveraging cross-client relationships.

ECG’s Vision: Building a National Industrial Services Champion

The acquisition of DAB represents the latest addition to ECG’s Industrial Services National Champion Platform, a strategic initiative aimed at consolidating and scaling leading industrial service providers into a single, high-growth entity.

ECG plans to list this platform on Tadawul within the next two years, creating a publicly traded entity that will drive sector-wide innovation, operational excellence, and long-term value creation for stakeholders across the region.

Leadership Perspectives

Akram Alrabayah, General Partner of ECG, stated:

“The acquisition of Dar Al Balad Contracting is a key step in ECG2.0-Fund2’s strategy to build an integrated industrial services platform that supports Saudi Arabia’s economic growth and infrastructure development. DAB’s strong reputation, technical expertise, and client relationships make it a valuable addition to our portfolio. We look forward to accelerating its growth and enhancing its operational capabilities.”

Bassam I. Ibn Salamah, Managing Director of DAB, commented:

“This partnership with ECG2.0-Fund2 is a transformative moment for DAB. With ECG’s support, we are well-positioned to expand our service offerings, strengthen our market presence in GCC, and further enhance our contributions to Saudi Arabia’s Power and Water sectors. We are excited about the opportunities ahead as part of ECG’s national champion platform.”

About Energy Capital Group (ECG)

Founded in 2008 by Ali Abdulaziz Alturki, Energy Capital Group (ECG) is a Saudi-based investment firm specializing in industrial services and global technologies. In 2021, ECG launched its latest fund after merging with Cayan Holdings (co-founded by Akram Alrabayah) and partnering with Abdulwahab Al Betairi, both of whom serve as Co-General Partners.

With a strong track record of building strategic partnerships with local and global service providers, ECG has significant investments across Saudi Arabia and the region. The firm is supported by a network of experienced operating partners and industry leaders, positioning it as a key player in the Kingdom’s energy and industrial sectors.

For more information, visit www.ecgsaudi.com or contact us at info@ecgsaudi.com.

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Mastech Digital to Announce Second Quarter 2026 Financial Results; Participate in Upcoming Investor Conference

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PITTSBURGH, July 24, 2026 /PRNewswire/ — Mastech Digital, Inc. (NYSE American: MHH) (“Mastech Digital”), a leading provider of Digital Transformation IT Services, today announced the date for the release of its financial results for the second quarter ended June 30, 2026, and its participation in an upcoming investor conference.

Second Quarter 2026 Earnings:

Mastech Digital will report its financial results for the second quarter 2026 before the market opens on Thursday, August 6, 2026. Management will host a live conference call and webcast at 9:00 a.m. Eastern Time on that day to discuss the Company’s financial performance and operating results.  The conference call will be hosted by Nirav Patel, President and CEO, and Kannan Sugantharaman, Chief Financial and Operations Officer.

Those wishing to participate via webcast should access the call through Mastech Digital’s Investor Relations website at https://investors.mastechdigital.com. Those wishing to participate via telephone may dial in at 1-800-715-9871 (USA) or 1-646-307-1963 (International) with the passcode 7506988. The replay will be available via webcast through Mastech Digital’s Investor Relations website.

Upcoming Investor Conference:

Mr. Sugantharaman will host a fireside chat at the Sidoti Micro-Cap Investor Conference on Wednesday, August 19, 2026, at 9:15 a.m. Eastern Time.

Mastech Digital management is scheduled to host virtual one-on-one and small group meetings with investors during the conference on August 19-20, 2026. Investors interested in arranging a meeting should contact their Sidoti representative or reach out to the Mastech Digital investor relations team at investors@mastechdigital.com.

About Mastech Digital, Inc.

Mastech Digital (NYSE American: MHH) is a leading provider of Digital Transformation IT Services. The Company offers Data Management, Analytics & AI Solutions, and IT Staffing Services with a digital-first approach. A minority-owned enterprise, Mastech Digital is headquartered in Pittsburgh, PA, with offices across the U.S., Canada, Europe, and India. Visit us at www.mastechdigital.com.

Investor Relations Contact:
investors@mastechdigital.com 

 

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SOLAI Limited Announces Extraordinary General Meeting

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AKRON, Ohio, July 24, 2026 /PRNewswire/ — SOLAI Limited (NYSE: SLAI) (“SOLAI” or the “Company”) (previously known as “BIT Mining Limited”), a technology-driven personal AI and digital infrastructure provider, today announced that it will hold its extraordinary general meeting of shareholders at 428 South Seiberling Street, Akron, Ohio, US on August 14, 2026 at 10:00 a.m., New York time.

Holders of record of ordinary shares and preference shares of the Company at the close of business on July 20, 2026, New York time (the “Record Date”) are entitled to receive notice of, and to attend and vote at, the extraordinary general meeting or any adjournment thereof. Holders of the Company’s American Depositary Shares (“ADSs”) who wish to exercise their voting rights for the underlying ordinary shares must act through the depositary of the Company’s ADS program, Deutsche Bank Trust Company Americas.

The notice of the extraordinary general meeting, which sets forth the resolutions to be submitted to shareholder approval at the extraordinary general meeting is available on the Investor Relations section of the Company’s website at https://ir.solai.com

About SOLAI Limited

SOLAI Limited (previously known as “BIT Mining Limited”) (NYSE: SLAI) (previously traded under “BTCM”) is a technology-driven personal AI and digital infrastructure provider. Building upon its historical legacy in digital asset mining and blockchain network operations, the Company is leveraging extensive experience in large-scale hardware deployment, data center operations, and high-performance computing to build the foundational infrastructure for personal AI computing and digital asset ecosystems globally.

For more information:

SOLAI Limited
ir@solai.com
ir.solai.com
www.solai.com 

Christensen Advisory
Jason Ng
Tel: +852-2117-0861
Email: solai@christensencomms.com 

 

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/U P D A T E — TrendAI/

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This release has been updated to include new information provided by TrendAI. The complete, corrected release follows, with additional details at the end:

TrendAI™ Adopts Claude Opus 5 to Advance Vulnerability Prioritization and Virtual Patching

As a participant in Anthropic’s Cyber Verification Program, TrendAI applies frontier reasoning to convert vulnerability intelligence into faster protection across hybrid environments

DALLAS, July 24, 2026 /PRNewswire/ — TrendAI™, the enterprise AI security leader from Trend Micro Incorporated (TYO: 4704; TSE: 4704), today announced it is adopting Claude Opus 5, Anthropic’s latest and most capable Opus model, to help security teams convert vulnerability intelligence into immediate protection, from prioritization to virtual patching. The move builds on TrendAI’s collaboration with Anthropic on Claude Opus 4.8, extending the same defensive focus to a model that delivers step-change gains in advanced reasoning, agentic workflows, and long-horizon analysis. As AI makes finding vulnerabilities easier than ever, the harder problem becomes protecting organizations faster than software can be permanently patched, and that is where TrendAI is putting Opus 5 to work.

As a participant in Anthropic’s Cyber Verification Program, which credentials organizations for the defensive use of frontier AI models, TrendAI is positioned to apply Claude Opus 5 to defensive security as access becomes available. The model is Zero Data Retention compatible, supporting TrendAI’s governance and data-protection requirements as it scales AI across security operations.

The work extends to TrendAI Threat Research, where frontier AI models are combined with our proprietary frontier intelligence engine and human expertise to generate pre-disclosure intelligence. Those insights power TrendAI Vision One™, delivering stronger detection, deeper forensic insights, and proactive protection through virtual patching.

Rachel Jin, Chief Platform and Business Officer, Head of TrendAI™:
“With Claude Opus 5, TrendAI can move from vulnerability intelligence to action faster than ever, prioritizing what matters most by exploitability and business impact. Finding the vulnerability was always the hard part. Now the challenge is protecting organizations faster than software can be permanently patched, and frontier reasoning is what changes that equation, extending all the way to virtual patching that protects customers before a vendor fix ships. This is what it means to secure the AI age, fearlessly.”

These capabilities support TrendAI Vision One™ in helping security analysts, AppSec teams, and SOC teams prioritize exposure, map attack paths, and accelerate mitigation, including virtual patching, across hybrid environments, moving vulnerability management from a static scanning process into a faster, context-aware risk mitigation workflow.

About TrendAI™
TrendAI™, the global AI security leader and enterprise business unit of Trend Micro, empowers organizations with full AI visibility and consolidated security that inspires confidence, drives innovation, and eliminates risk. Trusted by the largest enterprises and governments across 185 countries, TrendAI™ secures the entire organization, from identities, to infrastructure, to data. Global Fortune 500 companies rely on TrendAI™ to cut risk and stop threats up to three months earlier, powered by world-leading threat and attack intelligence. Through deep ecosystem partnerships with market leaders like NVIDIA, Anthropic, AWS, Google, and Microsoft, TrendAI™ empowers your organization to securely drive forward at the speed of AI. AI Fearlessly. Learn more: trendaisecurity.com

About Anthropic
Anthropic is an AI safety and research company dedicated to building reliable, interpretable, and steerable AI systems. Its Claude family of models, including Claude Opus 5, enables advanced capabilities across a wide range of applications, including code understanding and security analysis.

Update: The latest version of this release includes additional statements from TrendAI related to the original announcement.

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