Dubai's ALEC IPO values builder at $1.9B

Dubai’s $381 million IPO of ALEC Engineering & Contracting drew full demand across the price range in a show of investor appetite, as the emirate capitalizes on its construction boom.

The Investment Corporation of Dubai, the investment...

Sign into your account

Email me a link to sign in

I don't have an account

Sign in or subscribe to continue to read this article

Enter your email and create a password to gain access to our exclusive content

Already a subscriber? Sign in

Unlock full access
Become a premium subscriber

Don't miss out! A paid subscription is required to access this page

Quick Hits

snowy streets

Gulf CEOs circulate in Davos as AI investments take center stage

GAS DIPLOMACY

ADNOC signs $3 billion LNG deal with Hindustan Petroleum

The Daily Circuit: Davos draws Gulf CEOs + UAE-India gas deal

global gabfest

Gulf states send finance chiefs, moguls to snowy Davos forum

passage to india

UAE President visits India for trade, energy and diplomacy

The Daily Circuit: Gulf financial chiefs in Davos + Masdar-Engie venture

northern exposure

Saudi group negotiates U.S. venture for Greenland minerals

SYRIAN STAKES

Qatar’s Estithmar positioning to acquire two Syrian banks

The Daily Circuit: Saudi interest in Greenland’s minerals + ADNOC eyes Venezuela

D.C. Partner

Abu Dhabi’s IHC signs deal for co-investments with U.S. agency

Dubai’s ALEC IPO values builder at $1.9B

More Stories

Going Hostile

Abu Dhabi’s L’Imad joins Paramount backers in Warner Bros. bidding war

tightening TIES

UAE and EU launch talks to forge strategic economic partnership

OXFORD ST. OVERHAUL

UAE royal family firm secures ok for west end development