New IPO alert: UAE's ALEC to go public soon — 20% stake on offer from September 23

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Gulf News Emirati Arabi Uniti 2h

New IPO alert: UAE's ALEC to go public soon — 20% stake on offer from September 23

Dubai: ALEC Holdings, one of the UAE’s largest engineering and construction firms, will go public this month in a move set to bring a state-owned contractor onto the Dubai Financial Market (DFM) for the first time. The company will sell 1 billion shares, equal to 20% of its capital, through an init»»»

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