Advertisement predictive podcast
Advertisement predictive podcast

ALEC Holdings’ First Annual General Assembly Approves AED 250 Million Dividend Payout

 

ALEC Holdings 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%

 
By News Desk, March 26, 2026 UAE Business
 

ALEC Holdings’ First Annual General Assembly Approves AED 250 Million Dividend Payout
 

ALEC Holdings announced that it has successfully convened its Annual General Assembly Meeting (AGM), the first since its landmark IPO in Q4 2025.

The meeting brought together shareholders to review the company’s performance, approve key resolutions, and reinforce ALEC Holdings’ commitment to transparency, accountability, and long-term value creation.

Among the key resolutions of the AGM was the approval of the Board of Directors’ proposal to distribute cash dividends of AED 250 million equivalent to 36.4% of net profit for FY 2025 as well as 500% of the Company’s capital as of 31 December 2025.

Shareholders registered as of Friday, 03 April 2026 will be eligible to receive the dividend, which will be distributed through the Dubai Financial Market (DFM) in accordance with applicable procedures.

The AGM provided shareholders with a comprehensive overview of the company’s financial strength and operational performance.

During the meeting, ALEC Holdings’ CEO, Barry Lewis presented highlights from the Board of Directors’ report for the fiscal year ended 31 December 2025, underscoring a year of strong, disciplined growth.

ALEC Holdings 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 maintained an impressive free cash flow of AED 813 million, demonstrating robust cash generation and financial resilience.

These results were complemented by an 89% employee retention rate over ten years, indicating sustained trust in ALEC’s delivery capabilities, along with a group wide Lost Time Injury Frequency Rate (LTIFR) of 0.097 per million hours worked, reinforcing its continued focus on workforce wellbeing and safety excellence across its extensive operations.

Commenting on the results, Barry Lewis 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.”

Summary of Key resolutions passed at ALEC Holdings’ First Annual General Meeting:

  • Approval of the Company’s financial statements and results for the fiscal year ended 31 December 2025
  • Approval of the Board of Directors’ as well as The Company’s Integrated Annual Report for FY 2025
  • Approval of the Board’s proposal regarding the distribution of cash dividends totalling AED 250 million payable in April 2026
  • Reappointing the company’s external auditors for the fiscal year 2026
ALEC Holdings  Barry Lewis    

MORE FROM BUILT ENVIRONMENT

Muheel Advances Innovative and Sustainable Professional Cleaning in Saudi Arabia Through Strategic Partnership with Sutter Group, Al Bariq
Muheel Advances Innovative and Sustainable Professional Cleaning in Saudi Arabia Through Strategic Partnership with Sutter Group, Al Bariq

Collaboration brings together international innovation, local market capability and operational expertise to raise professional cleaning standards across the Kingdom

September 24, 2026 Saudi Arabia IFM
H&H Reaches Key Construction Milestone At Aldar’s Flagship DIFC Commercial Tower
H&H Reaches Key Construction Milestone At Aldar’s Flagship DIFC Commercial Tower

Flagship commercial tower in DIFC moves into main works following completion of early site preparations

September 24, 2026 UAE Real Estate
Tork Helps Middle East Businesses Optimise Washroom Management With Data-Driven Cleaning
Tork Helps Middle East Businesses Optimise Washroom Management With Data-Driven Cleaning

High-capacity dispensing solutions help facility managers improve operational efficiency, maintain hygiene standards and support smarter cleaning during periods of increased demand

September 18, 2026 UAE Business
MEFMA Awards of Excellence Recognises Record 35 Winners and Highly Commended Recipients
MEFMA Awards of Excellence Recognises Record 35 Winners and Highly Commended Recipients

The 2026 awards brought together FM clients, service providers, suppliers and individual professionals from across the region

September 18, 2026 UAE IFM
Rove Hotels, Irth Group Announce Exclusive Partnership To Deliver New Pipeline Of Projects Across The UAE
Rove Hotels, Irth Group Announce Exclusive Partnership To Deliver New Pipeline Of Projects Across The UAE

Rove Home Downtown, the first project to come out of the collaboration between both companies, is nearing completion, with handover of residences shortly

September 18, 2026 UAE Real Estate
Disciplined Design, Value, and Broker Trust: How Neoterra Developments Is Shaping Dubai's Evolving Residential Market
Disciplined Design, Value, and Broker Trust: How Neoterra Developments Is Shaping Dubai's Evolving Residential Market

Naresh Perwani, Founder and Chairman of Neoterra Developments, reflects on the rapid sell-out of EIRA, the shift toward end-user sophistication in Dubai real estate, and why measured growth takes priority over volume

September 9, 2026 UAE Real Estate
Fifth MEFMA Awards Set to Shine a Global Spotlight on Regional Facilities Management Excellence
Fifth MEFMA Awards Set to Shine a Global Spotlight on Regional Facilities Management Excellence

The exclusive awards ceremony and gala dinner will recognise excellence across a diverse range of categories spanning clients, service providers, suppliers and individuals

September 9, 2026 UAE IFM
Rheem Middle East Introduces Wave Series: Smart Commercial Pool Inverter Heat Pumps For The MEA Market
Rheem Middle East Introduces Wave Series: Smart Commercial Pool Inverter Heat Pumps For The MEA Market

Developed to meet the MEA region’s evolving sustainability requirements, the latest inverter technology has been integrated to optimize compressor and fan speed

September 3, 2026 UAE Energy & Waste Management
 The Fundamentals UAE Architects Already Know Now Matter More: Think Neighbourhood, Not Just A Building
The Fundamentals UAE Architects Already Know Now Matter More: Think Neighbourhood, Not Just A Building

Discover how urban design in the UAE is evolving beyond supertall skyscrapers to embrace human-centric, sustainable master planning

September 3, 2026 UAE Business
A Practical Guide to the Muqawala Provisions under the New Civil Code
A Practical Guide to the Muqawala Provisions under the New Civil Code

An expert legal analysis detailing how Federal Decree-Law No. 25/2025 (the New Civil Code) reshapes UAE construction law, highlighting the balance between maintaining traditional muqawala statutory baselines and introducing targeted reforms around contract hardship, notice obligations, decennial liability, and employer termination rights

September 3, 2026 UAE Business
 
Subscribe to our newsletter