Dubai - Mubasher: The annual general meeting (AGM) of ALEC Holdings passed, on 24 March, the distribution of cash dividends at a rate of 36.40% of the net profits registered at the end of 2025.
The DFM-listed company will disburse AED 250 million, representing 500% of the company’s capital as of 31 December 2025, according to a bourse filing.
Last February, the board approved the dividend distribution, payable in April 2026. The announced amount is higher than the previously announced AED 200 million, reflecting strong results and the company’s commitment to rewarding shareholders.
ALEC Holdings recorded 89% year-on-year (YoY) higher net profits at AED 687 million in 2025, while the revenues hiked by 56% to AED 12.60 billion.
Barry Lewis, CEO of ALEC Holdings, said: “2025 was a monumental year for ALEC. Alongside record performance, we became a listed company, a milestone that reflects the trust the investment community has placed in ALEC, the UAE, and the wider region’s construction sector.”
“We delivered strong execution across complex projects, with growing contribution from our specialist capabilities and continued momentum across the UAE and Saudi Arabia,” Lewis noted.
In October 2025, ALEC Holdings commenced the listing of its shares on the DFM, which marked the UAE’s largest-ever initial public offering (IPO) in the construction sector.
