Alec Holding attempts to raise 1.4 billion dirhams to offer its shares in the Dubai market

“Alec Holding” aims to raise up to 1.4 billion dirhams by offering 20% ​​of its capital in the Dubai Financial Market, according to the price range set by the company between 1.35 and 1.4 dirhams per share, according to an announcement published in a local newspaper on Monday. The offer includes the sale of one billion shares owned by the Dubai Government Investment Corporation, the sole shareholder in the company, provided that today’s subscription extends 23 to 30 September, and that individual investors and qualified institutions outside the United States, in addition to the ‘Alec’ and the Foundation employees. The final prize will be announced on October 1, with shares traded in the Dubai Financial Market in or near October 15. The second subscription this year in Dubai is the expected presentation of the second subscription to the Dubai Stock Exchange, following the inclusion of “Dubai Ride Housing” of “Dubai Holding” in May, which increased the efforts of $ 584 million and within the emirate framework and stimulated the privatization program. Alec said she intends to take advantage of the expected growth in the construction and infrastructure sector, especially in the Emirates and Saudi Arabia, where the company has experiences in the guesthouse sectors, airports and data centers. The company cites estimates of “MED”, which expected the total spending on projects in the Emirates to rise to 304 billion dirhams by 2033, compared to 173 billion in 2024. In Saudi Arabia, expenses are expected to exceed 410 billion dirhams this year compared to 193 billion. Financial performance and expected distributions, “Alec” achieved an income of 5.3 billion dirhams during the first half of 2025, with a 56% growth year -on -year growth, while the net profit reached 239 million dirhams, according to the company’s statement. The company plans to distribute cash dividends of 200 million dirhams in April 2026, in addition to 500 million dirhams for the financial year ending in December 2026, in two groups in October 2026 and April 2027, it also intends to adopt a semi -annual distribution policy later, at a rate of not less than 50% of the net profit. Specializations and maintenance of the majority, “Alec” has granted 10% of the offering shares of the Emirates Investment Authority, the Pension and Social Insurance Fund for the Dubai Army, with 5% for each of them. The Dubai Government Investment Corporation is expected to maintain 80% of the capital after the offer. “Emirates NBD Capital” and “JP Morgan” will play the role of global coordinators and register managers, while Abu Dhabi Commercial Bank and “EFG Hermes” participate as subscribers. An expected momentum -Momentum The UAE is a witness to an increasing momentum in the initial proposal market, with plans to include companies, including ‘Arab construction’ and the ‘Dubizzle’ advertisement ads, along with a ‘Dubai Holding’ mall, which has been the momentum that has been the momentum. According to the “Bloomberg” data, public subscriptions in the UAE have collected about $ 910 million since the beginning of 2025, despite regional fluctuations and commercial turmoil. The real estate market increases the trend at a time when the Dubai real estate market sees a strong performance, with the ongoing demand in the second quarter of 2025, supported by flexible visum policies and the recovery of the economy to the pandemic. Luxury real estate prices – especially villas on the artificial islands – have recorded remarkable leaps with the importance of foreign buyers. Alec has a project portfolio of 35.4 billion dirhams until the end of June 2025.