Dubai road-toll system announced that it will sell 1.5bln shares.
Dubai’s road-toll system Salik on Monday blazoned that it'll vend1.5 billion shares, or a 20% stake, to retail, institutional investors, and workers this month.
What does ‘ Salik ’ mean?
It means “ open ” or “ clear ” in Arabic.
When was Salik introduced?
The toll system was introduced in 2007 to offer flawless connectivity between the emirate’s main roads.
How numerous gates Salik are there in Dubai?
Salik presently owns and operates eight road-toll gates at strategic locales across Dubai. They're located at
- Al Barsha
- Jebel Ali
- Al Mamzar North
- Al Mazar South
- Al Saf
- Al Garhoud
- DXB Airport & Al Maktoum Bridge
Will Salik add new gates?
New road-toll gates can also be added subject to a decree issued by the Chairman of The Executive Council of
Dubai, and after the Roads and Transport Authority of Dubai conducts a comprehensive business study in collaboration with Salik.
individualities and other investors can subscribe to Salik shares from September 13 to September 20.
Where to buy or subscribe to shares?
Investors can get a subscription of shares through
- Emirates NBD
- ADIB
- Commercial Bank of Dubai
- Emirates Islamic Bank
- FADB
- Mashreq Bank
- MBank and Sharjah Islamic Bank
- Abu Dhabi Commercial Bank
- Ajman Bank
- Dubai Islamic Bank
How important each share would bring?
The company will advertise per share price just ahead of the launch of the IPO on September 13.
How numerous road passages were registered?
In total, 481 million road passages were registered in 2021 and 267 million during January- June
2022.
Why should UAE residents and investors subscribe to Salik shares?
Salik is a largely safe and profitable investment as the Government of Dubai will enjoy a maturity stake in the company. On Monday, Salik said it'll vend 20 percent and an 80 percent stake will be controlled by the government.
How important is Salik’s income?
Salik reported Dh1.69 billion in earnings in 2021 and Dh944.9 million in the first half of 2022.
When will the company pay a tip?
The company aims to pay the first tip for the alternate half of 2022 by April 2023. It expects to pay 100 percent of the net profit, after keeping away the statutory reserves needed by the

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