EFG Hermes serves as Joint Bookrunner on Salik's IPO

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).

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