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Subscribe to ALEC’s Initial public offering (IPO)
A market leading engineering and construction group.
Subscriptions are now open for the initial public offering (IPO) of ALEC for all eligible retail investors, with the offering period closing on 30 September 2025 at 1:00 PM. The price range has been set between 1.35 and 1.40 per share.
Key IPO Dates
01
23 September 2025
Offer commencement date & price range announcement
02
30 September 2025
Closing date for all tranches
03
01 October 2025
Announcement of final offer price
04
07 October 2025
Final allocation
05
08 October 2025
Commencement of refunds
06
08 October 2025
Constitutive general assembly
07
15 October 2025
Expected date of listing on the DFM
Subscription Eligibility Criteria
If you don’t have DFM Investor Number, you can download DFM Mobile Application to create one. Additionally, you can contact DFM.
To find out more about the subscription criteria and process, please contact your relationship manager if you are an Elite or Private banking client or call our call Centre at 026161800.
Key Transaction Documents
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Subscribe to the IPO conveniently through FAB Mobile
Grow your wealth with FAB
- Tap ‘IPO Subscription’ under the Payments tab
- Select the ‘ALEC’ IPO
- Enter your Investor Details and Amount
- Confirm your subscription
Disclaimer: This announcement has not been reviewed or approved by the SCA or any regulator in the UAE or elsewhere, does not form part of the Prospectus, and should not be considered an offer of securities in any jurisdiction. Any decision to invest in the shares should be based solely on the information in the Prospectus.