In a landmark ruling, the Abu Dhabi Court for Family, Civil and Administrative Claims ordered an investor to repay Dh500,000 to a trader after being deceived with a fake investment scheme.
In a landmark ruling, the Abu Dhabi Court for Family, Civil and Administrative Claims ordered an investor to repay Dh500,000 to a trader after being deceived with a fake investment scheme.

In a landmark ruling, the Abu Dhabi Court for Family, Civil and Administrative Claims ordered an investor to repay Dh500,000 to a trader after being deceived with a fake investment scheme. Abu Dhabi court WhatsApp ruling message evidence exchanged between the claimant and the defendant to establish the fraud and confirm repayment obligations.
The trader had filed the lawsuit demanding the Dh500,000 principal along with 12% legal interest, court fees, and attorney expenses. He substantiated his claim with copies of WhatsApp conversations where the defendant acknowledged the debt but later failed to repay or justify the outstanding amount. The defendant did not attend court hearings despite proper notification.
Invoking the Electronic Transactions Law, the court emphasized that electronic documents, including WhatsApp messages, retain full legal validity and enforceability as long as the data can be accessed. Given that the defendant neither disputed the debt nor provided evidence to refute the claim, the court ruled that he must pay the principal amount plus legal costs.
This ruling highlights Abu Dhabi’s commitment to upholding digital evidence in legal disputes and protecting investors from fraudulent schemes.
This IPO stands as the UAE’s largest in the construction sector by size and valuation, and the first major listing in over 15 years. CEO Barry Lewis highlighted that this strong investor confidence reflects the region’s ambitious national development agendas and a robust pipeline of transformational projects fueling growth.
ALEC plans to initiate dividend payments starting in 2026 with Dh200 million scheduled for April and Dh500 million for the financial year, split into semi-annual payments. Based on the IPO price, this translates to an attractive dividend yield of 7.1%, with future dividends set at a minimum payout of 50% of net profits, pending board approval.
The company is scheduled to begin trading under the ticker ‘ALEC’ around October 15, 2025, marking a significant milestone for Dubai’s construction market and public investment opportunities.
Keep in touch with our news & offers
Thank you for subscribing to the newsletter.
Oops. Something went wrong. Please try again later.
Thank you for subscribing to the newsletter.
Oops. Something went wrong. Please try again later.