ALEC Public Offering
DIB acting as Receiving Bank presents you with the opportunity to subscribe to the ALEC Initial Public Offering (IPO) on the Dubai Financial Market (DFM).
Subscriptions open on 23 September 2025
ALEC Holdings PJSC (and together with its subsidiaries, “ALEC”) is a market leading diversified engineering and construction group with operations focused on large-scale, complex and iconic building and energy projects in the UAE and the Kingdom of Saudi Arabia (KSA).
Show More| Revenue | EBITDA | EBITDA Margin | Net Income | Net Income Margin | Backlog | Coverage Ratio |
|---|---|---|---|---|---|---|
| FY-2024
AED 8,101mn H1-2025 AED 5,362mn | FY-2024
AED 646mn H1-2025 AED 437mn | FY-2024 8.0% H1-2025 8.2% | FY-2024 AED 363mn H1-2025 AED 239mn | FY-2024 4.5% H1-2025 4.5% | (as of 30 June 2025)
AED 35.4bn | 3.5x |
Attractive dividend policy aimed at supporting long-term value
| AED 200mn | AED 500mn | Minimum 50% |
|---|---|---|
| For FY-2025 payable in April 20265 | For FY-2026 payable in October 2026 and April 2027 | Payout ratio of net profit FY-2027 onwards on a semi-annual basis |
| Key Dates | IPO Milestone |
|---|---|
| 23 September 2025 | Offer commencement date & price range announcement |
| 30 September 2025 | Closing date for all tranches |
| 01 October 2025 | Announcement of final offer price |
| 07 October 2025 | Final allocation |
| 08 October 2025 | Commencement of refunds |
| 08 October 2025 | Constitutive General Assembly |
| 15 October 2025 | Expected date of listing on the DFM |
For T&Cs, click here
Disclaimer: This announcement has not been reviewed or approved by the SCA, or any regulator in the UAE or elsewhere, does not form part of the Prospectus, and should not be considered an offer of securities in any jurisdiction. Any decision to invest in the shares should be based solely on the information in the Prospectus.
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