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Salik Company PJSC was established through the issuance of Law No. (12) of 2022. It was formerly part of the Roads and Transport Authority (RTA) and has operated as Dubai’s exclusive road toll system since 2007. Salik announced its intention to float 20% of its total issued share capital on the Dubai Financial Market (“DFM”) on 5th September 2022, and later increased the offer size to 24.9%. Salik officially listed onthe DFM on 29th September 2022.

IPO timeline


Announcement of Intention to Float on the DFM
05 Sep 2022
Offer Commencement Date and Offer Price Announcement
13 Sep 2022
Close of Individual Subscribers (“First Tranche”) and Eligible Employees Tranches (“Third Tranche”)
20 Sep 2022
Close of Professional Investors Tranche (“Second Tranche”)
21 Sep 2022
Allocation of shares on the DFM. Pricing confirmation announcement
22 Sep 2022
Refund date
28 Sep 2022
Expected date of admission of shares on the DFM
29 Sep 2022

Key documents


Intention to Float Announcement


Public Announcement of the Offer Gulf News

Salik Company PJSC Offer Price Announcement

Offer price announcement Gulf News 13 September 2022

International Offering Memorandum

Announcement of Increase in Offer Size in Salik IPO to 24.9%

Salik Company PJSC Successfully Completes Bookbuild for IPO Raising Over $1bn

Pricing Confirmation Statement