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The Independent UK

National

Via AP news wire

Dubai road toll operator Salik becomes latest firm to IPO

Salik Dubai IPO Stock Market

Copyright 2022 The Associated Press. All rights reserved.

Dubai toll gate operator Salik announced Monday it will make an initial public offering on the city-state's stock market, becoming the latest state-linked company to list.

Salik plans to offer 1.5 billion shares, or 20% of the company's worth, in a listing on the Dubai Financial Market. Salik said it would offer a per-share price Sept. 22, a week before the shares would be traded on the bourse.

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