UAE construction powerhouse readies for its initial public offering (IPO)
The UAE’s construction giant Alec Holdings is stepping into the spotlight with its Dubai IPO set between AED 1.35 and 1.40 per share. Subscriptions are open from September 23 to 30, 2025, and the company is expected to make its debut on the Dubai Financial Market (DFM) on October 15. With 1 billion shares on offer, this is one of Dubai’s most anticipated listings of the year.
What is Alec? The UAE engineering powerhouse behind the IPO
Founded in 1999, Alec (Al Jaber LEGT Engineering & Contracting) is one of the UAE’s leading construction and engineering companies, known for delivering high-profile projects across the Gulf. The company’s portfolio includes airports, shopping malls, hotels, luxury resorts, and cutting-edge infrastructure developments. As part of the Investment Corporation of Dubai (ICD), Alec has grown into a trusted name for large-scale builds making its IPO a rare chance for investors to buy into the UAE’s booming infrastructure and real estate future.
Alec IPO price range, offer size and market value explained
- Offer size: 1 billion shares
- Stake offered: 20% of company capital by ICD
- Price range: AED 1.35–1.40 per share
Expected proceeds:
- AED 1.35–1.40 billion (≈ ₹30,544–31,623 crore)
- Implied valuation: AED 6.75–7.0 billion (≈ ₹1.53–1.58 lakh crore)
This offering is designed to attract both retail and institutional investors, with allocations to be finalized after the book-building process ends on October 1, 2025.
Alec IPO subscription dates, listing timeline and how to apply
- Subscription window: September 23–30, 2025
- Final price announcement: October 1, 2025
- Expected DFM listing date: October 15, 2025
How to subscribe:
- Retail investors can apply through appointed receiving banks and brokers, including Emirates NBD (lead receiving bank).
- Applications can be made via IPO portals, online banking apps, or directly at branches.
- Minimum application amounts and allocation rules depend on tranche categories; investors should check details with their banks.
Why Alec’s IPO is big news for Dubai’s stock market
Dubai has been actively pushing state-backed and strategic companies to go public, aiming to boost market liquidity, diversify investment options, and attract international investors. Alec’s IPO reflects this vision, tapping into the region’s construction boom, urban expansion, and mega-projects pipeline.Market watchers believe Alec’s listing could set the stage for further infrastructure-related IPOs, while also giving everyday investors access to one of the region’s strongest growth stories.
What investors should watch before jumping in
- Final offer price will be confirmed October 1.
- Demand vs. allocation: Early signs suggest strong interest, but allocations will matter for retail investors.
- Sector risks: Construction depends heavily on project pipelines, material costs, and economic cycles.
- ICD’s control: The Investment Corporation of Dubai will remain Alec’s majority owner post-IPO.
Why Alec IPO 2025 is worth watching
With its landmark debut on October 15, Alec’s IPO is shaping up as a milestone for Dubai’s capital markets. Backed by ICD and a legacy of landmark construction projects, the offering represents both a chance to invest in the UAE’s infrastructure future and a signal of Dubai’s continued drive to make its stock market more dynamic and globally relevant. Go to Source
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