UAE

Dubai: How can UAE residents buy Salik shares?

The road-toll driver introduced that it will certainly market 1.5 billion shares

Dubai’s road-toll driver Salik on Monday introduced that it will certainly market 1.5 billion shares, or a 20 percent risk, to retail, institutional financiers as well as workers this month.

Below is a detailed overview for homeowners as well as financiers on just how to purchase or register for Salik shares in the UAE:

— What does ‘Salik’ suggest?

It implies “open” or “clear” in Arabic.

— When was Salik presented?

The road-toll system was presented in 2007 to provide smooth connection in between the emirate’s highways.

— The amount of entrances Salik exist in Dubai?

Salik presently has as well as runs 8 toll entrances at calculated places throughout Dubai. They lie at Al Barsha, Jebel Ali, Al Mamzar North, Al Mazar South, Al Safa, Al Garhoud, DXB Airport Terminal Passage as well as Al Maktoum Bridge.

— Will Salik include brand-new entrances?

According to Dubai’s Regulation No. (12) of 2022, existing toll entrances in Dubai can be gotten rid of or customized based on a mandate released by the Chairman of The Exec Council of Dubai. New toll entrances can additionally be included based on a mandate released by the Chairman of The Exec Council of Dubai, as well as after the Roadways as well as Carry Authority of Dubai performs a detailed website traffic research study in sychronisation with Salik.

— When can individuals purchase shares?

People as well as various other financiers can register for Salik shares from September 13 to September 20.

— Where to purchase or subscribe shares?

Capitalists can register for shares via Emirates NBD, Abu Dhabi Commercial Financial Institution, Abu Dhabi Islamic Financial Institution, Ajman Financial Institution, Commercial Financial Institution of Dubai, Dubai Islamic Financial Institution, Emirates Islamic Financial Institution, First Abu Dhabi Financial Institution, Mashreq Financial Institution, MBank as well as Sharjah Islamic Financial Institution.

— Just how much each share would certainly set you back?

The firm will certainly introduce per share cost simply in advance of the launch of the IPO on September 13.

— The amount of journey were signed up?

In overall, 481 million journey were signed up in 2021 as well as 267 million throughout January-June 2022.

— Why should UAE homeowners as well as financiers register for Salik shares?

Salik is a very risk-free as well as lucrative financial investment as the Federal government of Dubai will certainly have a bulk risk in the firm. On Monday, Salik stated it will certainly market 20 percent as well as an 80 percent risk will certainly be regulated by the federal government.

— Just how much is Salik’s revenue?

Salik reported Dh1.69 billion in incomes in 2021 as well as Dh944.9 million in the initial fifty percent of 2022.

— When will the firm pay a returns?

The firm intends to pay the initial reward for the 2nd fifty percent of 2022 by April 2023. It anticipates to pay 100 percent of the internet revenue, after maintaining apart the legal gets called for by the regulation.

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