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Alec Holdings, a UAE construction firm, plans an IPO starting Sept. 23, aiming to boost the country's capital markets.
Alec Holdings, a major UAE construction firm, is set to offer 20% of its shares via an IPO on the Dubai Financial Market starting September 23, with trading expected to begin October 15.
The company, known for large projects in the UAE and Saudi Arabia, aims to distribute significant dividends next year.
The IPO reflects the UAE's booming capital market activity and efforts to diversify investment opportunities.
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Alec Holdings, una empresa de construcción de los Emiratos Árabes Unidos, planea una salida a bolsa a partir del 23 de septiembre, con el objetivo de impulsar los mercados de capital del país.