Image courtesy: ALEC Holdings ALEC Holdings, a Dubai-based engineering and construction group, said on Monday it plans to list 20 per cent of its share capital on the Dubai Financial Market (DFM) through an initial public offering (IPO).The Investment Corporation of Dubai (ICD), the company’s sole shareholder, will sell one billion shares in the offering, which opens on September 23 and closes on September 30.ICD retains the right to amend the size of the offering before the end of the subscription period, ...