SALIK PUBLIC OFFERING
As Dubai’s exclusive toll gate operator, Salik is poised for a remarkable growth story in line with Dubai’s ambitious
future plans and is offering eligible retail investors an opportunity to participate in its share offering.
Thank you for the outstanding response on the SALIK IPO.
Subscriptions are now closed.
Intention to float announcement
05 September 2022
Retail subscription commencement
13 September 2022
Retail Subscription Closing
20 September 2022
Notification of Allocation
27 September 2022
Refunds
28 September 2022
Expected Trading Date
29 September 2022
Market
DFM
Website
SALIK
Salik is Dubai’s sole toll gate operator and currently operates 8 automatic toll gates throughout Dubai.
Salik’s business model is capex-light in nature and enjoys best in class operating margins.
Salik’s toll gates utilise state-of-the-art RFID technology, reducing traffic bottlenecks and resulting in significantly lower carbon emissions.
Under a 49 year concession agreement, Salik holds the exclusive right to operate current and future toll gates during the concession term.
Salik’s net toll traffic from 2013 through 2019 grew at 5.5%
compound annual growth rate (CAGR) driven by Dubai’s evident
robust economic growth, above the UAE GDP growth levels
for the same period.
RTA has been allocated a budget of AED 5 billion to help
develop the five main urban centres under the Dubai 2040 Urban
Master Plan, three of which are linked with existing toll gates on
the Sheikh Zayed Road.
Salik enjoys a 92% customer satisfaction rate,
which is the result of the company’s brand strategy and
forward-thinking culture.
IPO INVESTOR PORTAL
You can subscribe to SALIK IPO through our IPO portal even if you are not an Emirates NBD customer. SALIK IPO will be offered in Dubai Financial Market (DFM).
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