Salik revenue soars to US$574m
Toll usage revenue rose 11.7% YoY to US$502million.
Salik records $138m in Q3 revenue
This is the toll operator's highest Q3 revenue since 2007.
DFM registers 34,800 new accounts in 8 months
Dubai, UAE - Brokerage firms in the Dubai Financial Market (DFM) witnessed a substantial influx of New Investor Numbers (NIN), totaling 34,818 during the first eight months of the current fiscal year.This surge comes amidst heightened market activity following the listing of ten government and semi-government entities, including the Dubai...
DFM launches futures contract on General Index
Dubai, UAE - The Dubai Financial Market (DFM) on Monday announced the offering of futures contracts on its General Index (DFMGI), which includes the most liquid and largest companies listed on the DFM. The listing and trading of DFMGI futures commenced on Monday.Trading futures contracts on the DFMGI offers investors...
Salik Q1 net profit $74.89m
Salik recorded the highest level of quarterly revenue-generating trips.
Salik begins trading on DFM, after large investor interest
Dubai, UAE— Salik, Dubai toll operator, has listed on Dubai Financial Market under the name of "SALIK", after the offering was oversubscribed by 49 times. It is the third public offering and listing on the DFM in 2022 to date, as part of the accelerated steps to implement Dubai’s strategy...Salik IPO oversubscribed
The company raised $1.017 billion in IPO on the DFM.
Salik ups number of IPO shares
The subscription period for the IPO remains unchanged.Dubai looks to raise $817m from IPO of Salik Company
Dubai is looking to raise $817 million in the initial public offering of Salik. It is selling 1.5 billion shares at 2 dirhams ($0.54) apiece, giving the company an implied market capitalization of $4.1 billion. The IPO subscription will run until 20th September 2022 for the UAE retail offering.
Dubai road-toll operator Salik’s IPO to sell 20% shares
According to its intention-to-float document, the company is selling 1.5 billion shares and the offer price will be confirmed on September 22.
Dubai ruler issues decree establishing toll operator Salik as company
Dubai road toll operator Salik has been established as a Public Joint Stock Company according to a law issued by Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum. According to an official statement, the company will have legal, financial and administrative autonomy to carry out its activities and achieve its...Tecom to be listed on DFM
It is part of a strategy to help DFM reach the AED3-trillion markUAE to list Salik toll system on Dubai Financial Market
The Dubai Securities and Exchange Higher Committee has decided to list Salik on Dubai Financial Market (DFM) in order to broaden the size of the stock market in the emirate to AED3 trillion in the future.
