The new offering size was determined by the Selling Shareholder, following Salik’s decision to set the offer price at Dhs2.00 per ordinary share on 13th September 2022
Salik Company on Friday announced that it has increased the number of shares offered in Salik’s Initial Public Offering (IPO) from 1,500,000,000 ordinary shares to 1,867,500,000 ordinary shares,
Salik Company, Dubai’s exclusive toll gate operator, on Thursday announced the successful completion of the bookbuild and public subscription process for its initial public offering (IPO) on the Dubai Financial Market (DFM).
Dubai Financial Market (DFM) on Thursday welcomed the listing of shares of Salik Company, the leading company in the field of traffic tariff systems
The IPO saw Salik offer 1.9 billion ordinary shares, representing 24.9 per cent of its share capital, at a price of Dhs2.00 per share, implying total gross proceeds of over Dhs3.7 billion ($1.0 billion) and a market capitalisation of Dhs15.0 billion ($4.1 billion1).