* EBITDA is calculated as profit for the period before income tax, finance costs, depreciation of property, plant and equipment and right-of-use assets and amortisation of intangible assets
** EBITDA divided by revenue
*** Backlog coverage computed as backlog as of date divided by last twelve months' revenue
**** Subject to the approval of the Board of Directors and the availability of distributable reserves
***** Excludes the AED 85mn pre-IPO dividend paid to ICD relating to H1-2025 performance
ALEC Holdings (and together with its subsidiaries, “ALEC”) is a market leading diversified engineering and construction group with operations focused on large-scale, complex and iconic building and energy projects in the UAE and the Kingdom of Saudi Arabia (KSA).
Longstanding track record of financial and commercial success
Operational excellence underpinned by selective tendering process, robust risk management framework, and an innovative approach
Unparalleled capabilities to deliver large-scale complex and iconic projects
Trusted by a large and growing network of blue-chip clients in the private and public sectors
Access to exclusive, high-value projects through bilateral negotiations
Strongly positioned to continue capturing significant growth in the UAE and KSA
Large secured backlog set to drive visible growth
Robust financial profile and significant acceleration in revenue and profits
Best-in-class management team supported by an accomplished Board of Directors and shareholder
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.