The Investment Corporation of Dubai acquired Alec in 2017 from the Abu Dhabi-based Al Jaber Group
Quoted Bloomberg Agency Informed sources said that Alec Engineering and Contracting Company is owned by…Investment Corporation of Dubai Emirates NBD Capital and JP Morgan Chase Banking Group have chosen to manage its anticipated initial public offering.
The sources, who declined to reveal their identity, explained that Mollis & Co. is advising ALEC regarding the initial public offering, which is expected to take place in the second half of this year.
The same sources indicated that the details of the public offering, including size and timing, are still under discussion and could change.
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