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Asharq Al-Awsat

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Dubai - Asharq Al-Awsat

Dubai's Road-Toll Operator Salik to Sell 20% Stake in IPO

Salik Dubai IPO

One of Salik’s eight toll gates, where 1.6 million vehicles pass daily (Asharq Al-Awsat)

Salik Company, Dubai’s exclusive road-toll operator, announced a plan to proceed with an initial public offering (IPO) and to list its ordinary shares for trading on the Dubai Financial Market (DFM).

This step is a continuation of the privatization program pursued by Dubai and its plans to double the size of its financial market to three trillion dirhams ($816.5 billion) and attract foreign investments.

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