You Can Now Own a Piece of Dubai's Skyline Builder as ALEC Holdings Goes Public in 2025

One of Dubai's biggest construction players is opening its books to the public, and it’s a big deal. ALEC Holdings, the engineering and construction firm behind some of the UAE's most recognizable buildings, is listing 20 percent of its shares on the Dubai Financial Market (DFM). For investors, this is a rare opportunity to buy into the company that is literally building Dubai's explosive growth.

This isn't just a move for the big financial players. ALEC, which is currently owned by the Investment Corporation of Dubai (ICD), is offering up 1 billion shares. The subscription window opens on September 23 and shuts quickly on September 30. That gives regular individuals, company employees, and professional investors a very specific timeframe to get involved.

A Direct Bet on the Gulf's Future

So why is this IPO catching everyone's attention right now? It’s simple: the Gulf’s ambition is off the charts.

Construction in the UAE and Saudi Arabia is booming. This growth is directly tied to massive national strategies like the Dubai 2040 Urban Master Plan and Saudi Arabia’s incredible Vision 2030 giga-projects. ALEC isn't just a bystander here; it's a key player that specializes in the kind of complex, large-scale projects these plans demand. An investment in ALEC is a direct stake in the future skyline of the entire region.

Market experts see this as a significant moment for Dubai's financial markets. The Head of MENA Equities Research at Al Safwa Investment Bank put it clearly:

"ALEC's move to public listing signals a maturation of Dubai's private sector, aligning perfectly with the DFM's broader strategy to deepen its market and attract global capital into the region's robust growth sectors, particularly construction and infrastructure."

What About the Money? ALEC's Dividend Promise

The final share price is still under wraps until the offering period kicks off, but ALEC has been upfront about how it plans to reward its shareholders. This is the part investors really care about.

The company has a solid dividend plan in place:

• A AED200 million cash dividend is scheduled for April 2026.
• This will be followed by an even larger AED500 million dividend for the 2026 financial year.

After that, the plan is to pay out dividends twice a year. ALEC has committed to distributing at least 50 percent of its net profit back to its shareholders. As the company builds the future, it plans to make sure its investors are building wealth right alongside it.

The countdown is on, with shares expected to start trading on the DFM around October 15. For anyone looking to invest in the relentless drive of Dubai and the wider Gulf, the ALEC Holdings IPO is a ground-floor opportunity to be a part of the story.