Alec Holdings Rises in Dubai After $381 Million IPO

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By Eman Abouhassira

October 15, 2025 at 6:23 AM UTC

Dubai-based contractor Alec Holdings PJSC’s stock climbed on its first day of trading, signaling continued investor appetite for new listings in the emirate.

The stock rose as much as 7.14% to 1.5 dirhams ($0.41) in early trading on Wednesday. Dubai’s main stock index inched 0.26% higher.