BUZZ-Dubai's Alec Holdings jumps 5% in trading debut

Reuters10-15

** Shares of UAE engineering and construction firm Alec Holdings ALEC.DU make their trading debut at 1.47 dirhams, 5% above the IPO price

** Co floated 1 billion shares, representing 20% of its equity, and raised $381 million during the offering

** Proceeds from the IPO will go to its parent organisation, the Investment Corporation of Dubai

** Dubai's main share index .DFMGI up 0.2% in early trade

(Reporting by Amna Mariyam in Bengaluru)

((Amna.mariyam@thomsonreuters.com))

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