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flag Alec Holdings, a UAE construction firm, plans an IPO starting Sept. 23, aiming to boost the country's capital markets.

flag 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. flag The company, known for large projects in the UAE and Saudi Arabia, aims to distribute significant dividends next year. flag The IPO reflects the UAE's booming capital market activity and efforts to diversify investment opportunities.

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