ALEC Initial Public Offering (IPO)

Register your interest

ALEC’s Investment Proposition

ALEC Holdings (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).
Offer commencement date & price range announcement
23 September 2025
Closing date for all tranches
30 September 2025
Announcement of final offer price
01 October 2025
Final allocation
07 October 2025
Commencement of refunds
08 October 2025
Constitutive General Assembly
08 October 2025
Expected date of listing on the DFM
15 October 2025
Market
DFM
Frequently asked questions
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Read Prospectus

Key Facts & Figures

  • Longstanding track record of financial and commercial success
  • Operational excellence underpinned by selective tendering process, robust risk management framework, and an innovative approach
  • Unparalleled capabilities to deliver large-scale complex and iconic projects
  • Trusted by a large and growing network of blue-chip clients in the private and public sectors
  • Access to exclusive, high-value projects through bilateral negotiations
  • Strongly positioned to continue capturing significant growth in the UAE and KSA
  • Large secured backlog set to drive visible growth
  • Robust financial profile and significant acceleration in revenue and profits
  • Best-in-class management team supported by an accomplished Board of Directors and shareholder

  1. Log in to ENBD X and select "Transfer/Pay".
  2. Scroll down to "Payments" select "IPO subscription".
  3. Select IPO name.
  4. Select Category/Tranche.
  5. Enter your Investor Number.
  6. Agree to the “Terms and Condition”.
  7. Select broker name and input the amount.
  8. Review the details on Summary screen.
  9. Authorize the transaction using your smart pass PIN.
  10. You’ll receive IPO payment confirmation along with the reference and application number.

  1. Insert your debit card and enter your PIN number
  2. Select IPO subscription option in the main screen and select IPO name
  3. Enter your Investor Number
  4. Select the account from which the funds need to be debited
  5. Enter the amount to invest / number of shares
  6. Select the broker if any
  7. You’ll get a confirmation with the IPO application and reference numbers

S.No Branch Name Area Working Hours IPO Subscription Hours Location Contact
1 Jumeirah Branch Dubai Monday to Thursday
(8:00 AM - 2:00 PM)
Friday
(7:30 AM - 12:15 PM)
Saturday
(8:00 AM - 2:00 PM) 		Monday to Thursday
(8:00 AM - 1:00 PM)
Friday
(7:30 AM - 11:15 PM)
Saturday
(8:00 AM - 1:00 PM)
Emirates NBD Building, Al Wasl Rd Intersection, Umm Suquiem 3, Jumeirah, Dubai 		800 3623 476
2 Al Qusais Branch Dubai Monday to Thursday
(8:00 AM - 2:00 PM)
Friday
(7:30 AM - 12:15 PM)
Saturday
(8:00 AM - 2:00 PM) 		Monday to Thursday
(8:00 AM - 1:00 PM)
Friday
(7:30 AM - 11:15 PM)
Saturday
(8:00 AM - 1:00 PM)
Damascus St, Near Dubai Grand Hotel, Al Qusais, Dubai 		800 3623 476
3 Abu Dhabi Main Branch Abu Dhabi Monday to Friday
(8:00 AM - 3:00 PM)		 Monday to Friday
(8:00 AM - 1:00 PM)
Ground Floor, Al Neem Building, Shaikh Khalifa street , Abu Dhabi		 800 3623 476
4 Al Muroor Branch Abu Dhabi Monday to Saturday
(8:00 AM - 8:00 PM)		 Monday to Saturday
(8:00 AM - 1:00 PM)
New Airport Road, Muroor, Abu Dhabi		 800 3623 476
5 Al Ain Main Branch Abu Dhabi Monday to Thursday
(8:00 AM - 2:00 PM)
Friday
(7:30 AM - 12:15 PM)
Saturday
(8:00 AM - 2:00 PM) 		Monday to Thursday
(8:00 AM - 1:00 PM)
Friday
(7:30 AM - 11:15 PM)
Saturday
(8:00 AM - 1:00 PM)
Sheikh Khalifa Bin Zayed St, (in front of Burjeel Hospital), Al Ain		 800 3623 476
6 Ajman Branch Ajman Monday to Thursday
(8:00 AM - 2:00 PM)
Friday
(7:30 AM - 12:15 PM)
Saturday
(8:00 AM - 2:00 PM) 		Monday to Thursday
(8:00 AM - 1:00 PM)
Friday
(7:30 AM - 11:15 PM)
Saturday
(8:00 AM - 1:00 PM)
Emirates NBD Building, Sheikh Rashid Bin Humaid St, Al Sawan, Ajman 		800 3623 476