Monday September 05, 2022

VIDEO: Dubai’s Salik to sell 20% shares via IPO; may introduce `dynamic pricing` for motorists

VIDEO: Dubai’s Salik to sell 20% shares via IPO; may introduce `dynamic pricing` for motorists

Picture used for illustrative purposes.

Rlixa Report

Salik would raise up to one billion dollars from offering 20% of the company to the public offering, which means the company's valuation at $5 billion (Dhs18.35 billion), according to Reuters and Bloomberg sources.

Salik said that it would provide 1.5 billion shares with a nominal value of Dhs0.01 per share during the subscription process.