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Alec Holdings  on Thursday announced that shareholders have approved the board of directors’ proposal to distribute cash dividends of Dh250 million.

The decision was taken at the company’s annual general assembly meeting (AGM), the first since its landmark IPO in Q4 2025. 

The dividend is equivalent to 36.4 per cent of net profit for FY 2025 as well as 500 per cent 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.

During the meeting, Alec Holdings’ CEO Barry Lewis presented highlighted the Board of Directors’ report for the fiscal year ended 31 December 2025. Alec Holdings reported revenues of Dh12.6 billion, reflecting a 56 per cent year-on-year increase, alongside a gross profit of Dh1.3 billion at a margin of 10.5 per cent. The company also maintained an impressive free cash flow of Dh813 million, demonstrating robust cash generation and financial resilience. 

Barry Lewis, Alec Holdings’ CEO

These results were complemented by an 89 per cent 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.”