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Key facts about Parkin Company

Parkin Company PJSC UAE Public Offering | Emirates NBD Parkin is a critical infrastructure and parking activities provider in a city where car penetration is extremely high and more than 61% of Dubai’s commuters use private cars.

Parkin Company PJSC UAE Public Offering | Emirates NBD Parkin has a c. 30-year track record and is the dominant provider of parking services in Dubai, holding a 100% share in the paid public parking market and 91% in the overall paid on-street and off-street parking market (excluding private communities).

Parkin Company PJSC UAE Public Offering | Emirates NBD Parkin is the 3rd IPO from RTA, following on the successes of Salik and Dubai Taxi Company.

Parkin Company PJSC UAE Public Offering | Emirates NBD Parkin's robust business model is underpinned by a 49-year concession agreement with RTA, which ensures exclusivity in Dubai's public parking landscape.

Parkin Company PJSC UAE Public Offering | Emirates NBD Parkin has a strong relationship with RTA and operates under a well-defined regulatory framework offering long-term visibility, resilient revenues and cash flows, and an inflation-protection mechanism.

Parkin Company PJSC UAE Public Offering | Emirates NBD Parkin’s business model is capex-light in nature, with robust margins and cash conversion, marked by a 14% revenue growth from 2022 to AED 779 million in 2023, a Pro Forma EBITDA Margin of 57%, and 99% cash conversion, supporting a highly attractive target dividend payout ratio of the higher of (i) 100% of profit for the year; and (ii) free cash flow to equity, subject to distributable reserves requirements.

Parkin Company PJSC UAE Public Offering | Emirates NBD Parkin’s growth is underpinned by Dubai’s ambitious economic plans and anticipated population growth with the demand for public parking expected to be more than 60% higher over the next ten years.

Parkin Company PJSC UAE Public Offering | Emirates NBD Parkin foresees substantial growth in expanding existing public parking and developing areas, collaborating with private developers, optimising its tariff, and increasing digitalisation.

Parkin Company PJSC UAE Public Offering | Emirates NBD Parkin's enforcement framework minimises revenue leakage, with ongoing investment in technology, ensuring efficient inspection.

Parkin Company PJSC UAE Public Offering | Emirates NBD Parkin’s ESG strategy is aligned with that of RTA and the wider sustainability ambitions of the Emirate of Dubai, with a commitment to achieve net zero operations by 2050.

IPO INVESTOR PORTAL

We’ve made IPO subscriptions easy, fast and convenient

Parkin Company PJSC UAE Public Offering

You can subscribe to Parkin Company IPO through our IPO portal even if you are not an Emirates NBD customer.
Parkin Company’s shares will be listed in Dubai Financial Market (DFM)
.

You can subscribe in three simple steps:

  1. Verify your details
  2. Complete your application
  3. Transfer funds instantly through a payment gateway or by wire transfer

Before you start, please make sure you have:

  • DFM Investor Number (NIN)
  • Original and a copy of a valid passport or Emirates ID

If you don't have a DFM NIN number, you can open an Emirates NBD Securities account with us in 3 simple steps and start trading and subscribing to IPOs instantly. Your NIN number will be automatically generated in this process.

Online Banking Steps:

  1. Log in to your online banking
  2. Click on Pay & Transfer
  3. Select “IPO payment” option
  4. Enter your Investor Number
  5. Select the broker if any
  6. Enter the amount to invest
  7. Authorize with authorization code
  8. You’ll get a confirmation with the IPO application and reference numbers
Emirates NBD IPO Portal

Steps for Mobile Banking:

  1. Login to Emirates NBD Mobile Banking app.
  2. Navigate to ‘Payments’ on the left menu and select IPO.
  3. Select preferred account in the ‘From Account’ field.
  4. Select IPO name on ‘IPO details’ screen.
  5. Select Category/Tranche.
  6. Enter your Investor Number.
  7. Agree to the “Terms and Condition”.
  8. Select broker name and enter the amount on payment details screen.
  9. Confirm the details on Summary screen.
  10. Authorize payment with the Authorization code.
  11. You’ll receive IPO payment confirmation along with the reference and application number.
Tecom IPO | Tecom Group UAE Public Offering | Emirates NBD

ATM Steps:

  1. Insert your debit card and enter your PIN number
  2. Select IPO subscription option in the main screen and select IPO name
  3. Enter your Investor Number
  4. Select the account from which the funds need to be debited
  5. Enter the amount to invest / number of shares
  6. Select the broker if any
  7. You’ll get a confirmation with the IPO application and reference numbers
Emirates NBD IPO Portal
S.No Branch Name Area Working Hours IPO Subscription Hours Location Contact
1 Group Head Office Branch Dubai Monday to Friday
(8:00 AM - 3:00 PM)
Monday to Friday
(8:00 AM - 2:00 PM)

Ground Floor, Emirates NBD Group Head Office, Baniyas Road, Deira, Dubai
800 3623 476
2 Jumeirah Branch Dubai Monday to Thursday
(8:00 AM - 2:00 PM)
Friday
(7:30 AM - 12:15 PM)
Saturday
(8:00 AM - 2:00 PM)
Monday to Thursday
(8:00 AM - 1:00 PM)
Friday
(7:30 AM - 11:15 PM)
Saturday
(8:00 AM - 1:00 PM)

Emirates NBD Building, Al Wasl Rd Intersection, Umm Suquiem 3, Jumeirah, Dubai
800 3623 476
3 Abu Dhabi Main Branch Abu Dhabi Monday to Friday
(8:00 AM - 3:00 PM)
Monday to Friday
(8:00 AM - 1:00 PM)

Ground Floor, Al Neem Building, Shaikh Khalifa street , Abu Dhabi
800 3623 476
4 Al Muroor Branch Abu Dhabi Monday to Saturday
(8:00 AM - 8:00 PM)
Monday to Saturday
(8:00 AM - 1:00 PM)

New Airport Road, Muroor, Abu Dhabi
800 3623 476
5 Al Ain Main Branch Abu Dhabi Monday to Thursday
(8:00 AM - 2:00 PM)
Friday
(7:30 AM - 12:15 PM)
Saturday
(8:00 AM - 2:00 PM)
Monday to Thursday
(8:00 AM - 1:00 PM)
Friday
(7:30 AM - 11:15 PM)
Saturday
(8:00 AM - 1:00 PM)

Sheikh Khalifa Bin Zayed St, (in front of Burjeel Hospital), Al Ain
800 3623 476
6 Sharjah Main Branch Sharjah Monday to Thursday
(8:00 AM - 2:00 PM)
Friday
(7:30 AM - 11:30 AM)
Saturday
(8:00 AM - 2:00 PM)
Monday to Thursday
(8:00 AM - 1:00 PM)
Friday
(7:30 AM - 10:30 PM)
Saturday
(8:00 AM - 1:00 PM)

Ground Floor, Emirates NBD Building, Immigration Road, Al Qassimia Area, Sharjah
800 3623 476
7 Ajman Branch Ajman Monday to Thursday
(8:00 AM - 2:00 PM)
Friday
(7:30 AM - 12:15 PM)
Saturday
(8:00 AM - 2:00 PM)
Monday to Thursday
(8:00 AM - 1:00 PM)
Friday
(7:30 AM - 11:15 PM)
Saturday
(8:00 AM - 1:00 PM)

Emirates NBD Building, Sheikh Rashid Bin Humaid St, Al Sawan, Ajman
800 3623 476