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Industry and Construction Company in Dubai
ALEC was founded in 1999 and became a subsidiary of the Investment Corporation of Dubai (ICD) in 2017. ALEC Holdings listed its shares on the Dubai Financial Market on 15 October 2025. It is…
Listed since 2026 · updated October 2026
ALEC was founded in 1999 and became a subsidiary of the Investment Corporation of Dubai (ICD) in 2017. ALEC Holdings listed its shares on the Dubai Financial Market on 15 October 2025. It is an engineering and construction group working on large building and energy projects in the UAE and Saudi Arabia, according to its DFM profile. Its website lists businesses in building, MEP (ALEMCO), fit-out, facades, modular construction (LINQ Modular), data centres, solar EPC, technology systems and equipment rental (AJI Rentals). Its head office is at Marina Plaza in Dubai Marina, with offices in Abu Dhabi and Riyadh.
Market figures at the close on 29 October 2026, from Dubai Financial Market (DFM) data.
| DFM symbol | ALEC |
|---|---|
| ISIN | AEE01710A255 |
| DFM sector | Industrials |
| Closing price | AED 1.20 |
| 52-week range | AED 1.17 – AED 1.85 |
| Market value | AED 6 billion |
| Shares in issue | 5,000,000,000 |
| Par value | AED 0.01 |
| Dividend yield, last 12 months | 5.83% Cash dividends of AED 0.07 a share with an ex-date in the 12 months to 29 October 2026, divided by the closing price |
| Listed on the DFM | 15 October 2025 |
| Established | 1999 |
| Financial year ends | December |
| Auditor | Deloitte |
| Chair | H.E. Hussain Nasser Lootah |
| Chief executive | Barry Roy Lewis |
| Ex-dividend date | Cash dividend | Per share |
|---|---|---|
| 23 October 2026 | 200% of par value | AED 0.02 |
| 2 April 2026 | 500% of par value | AED 0.05 |
Sources: DFM trading summary for ALEC, DFM corporate actions, DFM dividends distribution summary. Checked October 2026. Share prices change every trading day; this is not investment advice.
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