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Alec Holdings Rises in Dubai After $381 Million IPO

Summary by Bloomberg
Dubai-based contractor Alec Holdings PJSC’s stock climbed on its first day of trading, signaling continued investor appetite for new listings in the emirate.

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Alec Holdings Rises in Dubai After $381 Million IPO

Dubai-based contractor Alec Holdings PJSC’s stock climbed on its first day of trading, signaling continued investor appetite for new listings in the emirate.

·United States
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aletihad.aealetihad.ae

Inclusion of Alec Holdings in Dubai Financial Market

Dubai (Wam) welcomes the successful inclusion of Alec Holding, a multi-activity engineering and construction company based in Dubai. This inclusion is the largest initial public offer ever made in the construction sector in the United Arab Emirates, both in terms of market value and volume of subtraction, the first inclusion in the sector in more than 15 years. This confirms Dubai ' s position as a leading global investment centre and the P…

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Bloomberg broke the news in United States on Wednesday, October 15, 2025.
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