ALEC Holdings said that it successfully convened its Annual General Assembly Meeting (AGM), which is said to be the first since its IPO in Q4 2025.
According to the company, 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.
One of the key resolutions of the AGM was the approval of the Board of Directors’ proposal to distribute cash dividends of US $68.06mn, 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, 3 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 firm said.
The AGM is said to have also 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 $3.43bn, reflecting a 56% year-on-year increase, alongside a gross profit of $354mn at a margin of 10.5%. The company also said that it “maintained an impressive free cash flow of $221.33mn, demonstrating robust cash generation and financial resilience.”
The results were complemented by an 89% employee retention rate over 10-years, indicating sustained trust in ALEC’s delivery capabilities. The company said it also recorded 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.
“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,” stated Lewis.
