Salik, the Dubai’s road toll operator will sell 1.5 billion shares or the 20 per cent of the stake through the initial public offering.
The subscription will be available to individual subscribers, professional investors, and eligible employees. It will open on September 13 and will end on September 20 for retail investors and until the 21st of September for qualified investors.
It will be on the list of Dubai Financial Market on September 19.
To support Dubai’s infrastructure, the RTA has allocated Dh5 billion in the Government of Dubai’s budget for 2022-2024.