01/04/2026 04:30 AST

ALEC Holdings, a leading diversified engineering and construction group operating in the UAE, and Saudi Arabia, had mobilised its work-force for the Ramadan Donation Drive initiative, thus contributing to family support and relief programmes.

The initiative brought together more than 1,400 employees, subcontractors, and partners across the Group's operations, reflecting a collective commitment to making a meaningful difference. The company distributed 28,500 hygiene care packages to construction workers across its UAE project sites.

John Deeb, Chief Operating Officer & Chief Financial Officer, said: "The blue-collar workforce is the silent force behind the environments and infrastructure we shape every day. This is one small but meaningful way we ensure that every individual on our sites feels seen, respected, and cared for."

ALEC Holdings also contributed AED185,000 towards health programmes supporting workers in the UAE, as well as communities in need in Palestine and the Kingdom of Saudi Arabia.

The monetary contribution made by the Group was matched by in-kind donations, including dry food items and personal care packages, reinforcing a unified, company-wide effort to extend support to communities in need. Together, these efforts highlight the scale of participation across ALEC Holdings and the tangible impact that can be achieved through coordinated action.

CEO Barry Lewis said: "These initiatives are not a one-off effort, but part of a broader, ongoing commitment to deliver value beyond our immediate work. As a Group, we recognise that our position in the region comes with a responsibility to not only build, but to contribute meaningfully to the communities around us."


Trade Arabia

ALEC unit Target wins $500m three EPC contracts in Gulf

09/06/2026

ALEC Holdings, a leading diversified engineering and construction group operating in the UAE and KSA, has announced that its subsidiary Target Engineering Construction Company - SP, has secured three

Trade Arabia

ALEC wins $1.7bn construction contract for Sphere Abu Dhabi

25/05/2026

ALEC Engineering and Contracting (Alec) has announced that it has received a Letter of Award (LOA) from the Department of Culture and Tourism - Abu Dhabi (DCT Abu Dhabi) to build Sphere Abu Dhabi, an

Trade Arabia

ALEC Holdings posts $1.25bn Q1 revenue, up 87%; net profit doubles

11/05/2026

ALEC Holdings, a market-leading diversified engineering and construction group with operations focused on large-scale, complex and iconic buildings and energy projects in the UAE and the KSA, reporte

Trade Arabia

Ticker Price Volume
ALEC Sector Market
P/E
Price/BookValue
Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg
Ticker Price Change
ALPHADHABI 7.32 0.09 (1.24%)
MODON 2.97 0.10 (3.48%)
ADNOCLS 5.77 0.04 (0.69%)
SALIK 5.73 0.08 (1.41%)
ADPORTS 4.42 0.13 (3.03%)
Gulf Bank launches beach cleanup campaign to mark World Ocean Day

10/06/2026

In line with its ongoing commitment to environmental sustainability and raising community awareness about the importance of protecting natural resources, Gulf Bank launched a beach cleanup campaign n

Kuwait Times

First Avenue fund targets prime Saudi education real estate assets

10/06/2026

First Avenue for Real Estate Development Company has announced that it has signed an agreement with SNB Capital, Dar Al Majed Real Estate Company (Almajdiah) and Rekaz Real Estate Company to establis

Trade Arabia

AD Ports launches trial operations at Noatum Ports - Safaga Terminal in Egypt

10/06/2026

AD Ports Group, a leading global enabler of integrated trade, industry and logistics solutions, today launched trial operations at Noatum Ports - Safaga Terminal in Egypt ahead of the terminal's full

Trade Arabia

GFH, Octo in deal to develop $300m logistics and industrial platform

10/06/2026

GFH Bank today (June 9) announced the signing of a strategic MoU with Octo Management Consultancies to collaborate on the development of a $300 million logistics and industrial real estate platform a

Trade Arabia

Umm Al Qura unveils new mixed-use urban destination in Makkah

10/06/2026

Saudi developer Umm Al Qura has announced the unveiling of Masar Gardens, a mixed-use urban destination in Makkah featuring residential, commercial, hospitality, and public-use components backed by e

Trade Arabia