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, 22nd September, 2022 (WAM) Salik Company, Dubai’s exclusive toll gate operator, today announced the successful completion of the bookbuild and public subscription process for its initial public offering (IPO) on the Dubai Financial Market (DFM).
The Company confirms the previously announced upsized offering size of 1,867,500,000 ordinary shares ("Offer Shares"), equivalent to 24.9% of total issued share capital, along with the offer price of AED2.00 per ordinary share.
This results in total gross IPO proceeds of over AED3.7 bn ($1.0 bn) to be.
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