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Investment Corporation of Dubai (ICD) has picked banks including Emirates NBD Capital and JPMorgan Chase & Company to work on the planned initial public offering of UAE construction firm Alec, reported Bloomberg, citing people familiar with the matter.
Investment Corporation of Dubai (ICD) has picked banks including Emirates NBD Capital and JPMorgan Chase & Company to work on the planned initial public offering of UAE construction firm Alec, reported Bloomberg, citing people familiar with the matter.
UAE-based Alec Engineering and Contracting, a part of the Investment Corporate of Dubai (ICD), has announced that it has acquired a major stake in Inproserv, a leader in built asset maintenance services sector with physical offices in Europe and Africa.
By acquiring 100 per cent of the company, Alec will now enhance its resources with the significant assets held by Target Engineering.
Acquiring Target Engineering further strengthens Alec’s established capabilities in marine and industrial construction while enabling the construction company to mar...