Dubai-owned ALEC Engineering & Contracting buys Target, combined turnover of around $2b
Deal creates an entity with combined turnover of around $2b
Source: gulfnews.com
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ALEC takes over Dubai EPC contractor Target Engineering
In a major move, ALEC Engineering and Contracting, a part of Dubai wealth fund ICD (Investment Corporation of Dubai), has signed a share purchase agreement to acquire Target Engineering, a leading EPC contractor for marine and industrial construction.
Source: tradearabia.com
UAE's Alec Group furthers regional expansion through acquisition
By acquiring 100 per cent of the company, Alec will now enhance its resources with the significant assets held by Target Engineering.
Source: gulfbusiness.com
Alec Group plans expansion through acquisition
Acquiring Target Engineering further strengthens Alec’s established capabilities in marine and industrial construction while enabling the construction company to mar...
Source: khaleejtimes.com
UAE In-Focus: FAB launches sustainability-linked current account; ALEC to acquire Target Engineering
RIYADH: The UAE’s First Abu Dhabi Bank has launched a new sustainability-linked current account for corporate clients in an effort to help companies achieve environmental, social, and corporate governance objectives. As with traditional current accounts, FAB corporate clients will be able to use their sustainable accounts to retain their intraday liquidity for business needs,
Source: arabnews.com