ALEC Holdings shareholders approve AED 250 million dividend following IPO

DUBAI, UAE, 26 March 2026: ALEC Holdings announced that it has successfully convened its Annual General Assembly Meeting (AGM), the first since its initial public offering in the fourth quarter of 2025. Making the announcement through a Press Release, the company said the meeting brought together shareholders to review the company’s performance for the financial year ended 31 December 2025 and to approve a number of governance, financial resolutions as well as the company’s Integrated Annual Report for FY 2025 and the reappointment of the company’s external auditors for the 2026 fiscal year.

ALEC Holdings said shareholders approved the Board of Directors’ proposal to distribute cash dividends of AED 250 million, which the company said represents 36.4% of net profit for FY 2025 and 500% of the company’s capital as of 31 December 2025. The company added that shareholders registered as of 3 April 2026 would be eligible to receive the dividend, which will be distributed through the Dubai Financial Market (DFM) in accordance with applicable procedures.

According to the company, the AGM also provided shareholders with a comprehensive overview of the company’s financial strength and operational performance. During the meeting, Barry Lewis, CEO, ALEC Holdings, presented highlights from the Board of Directors’ report for the fiscal year ended 31 December 2025. ALEC Holdings said it reported revenues of AED 12.6 billion, reflecting a 56% year-on-year increase, alongside a gross profit of AED 1.3 billion at a margin of 10.5%. The company also reported free cash flow of AED 813 million for the year.

ALEC Holdings said these results were complemented by an 89% employee retention rate over ten years, along with a group wide Lost Time Injury Frequency Rate (LTIFR) of 0.097 per million hours worked, reinforcing its focus on workforce wellbeing and safety across its extensive operations.

Commenting on the results, Barry Lewis, CEO, ALEC Holdings, said: “The strength of our performance reflects the clarity of our strategy, the discipline of our execution, and the commitment of our people. Delivering consistent growth while maintaining strong margins and cash flow positions us well for the future. The approval of this dividend underscores our focus on creating tangible value for our shareholders, as we continue to invest in the long-term resilience and capability of the business.”