Page 37 - Commodities Authority News Today

The United Arab Emirates (UAE) comprises a federation of seven Emirates (Abu Dhabi, Ajman, Dubai, Fujairah, Ras Al Khaimah, Sharjah and Umm Al…

Salik Company has increased the number of shares offered in its IPO from 1,500,000,000 ordinary shares to 1,867,500,000, thus boosting the offer size to 24.9% of Salik’s share capital, with Dubai continuing to own 75.1% of its existing share capital.

The substantial increase in the shares offered by the company provides investors with a highly attractive value proposition

RIYADH: Dubai’s road toll operator Salik has increased its initial public offering size from 20 percent to 24.9 percent of its share capital, with the government continuing to own the remaining 75.1 percent. The number of shares offered in the IPO increased from 1.5 billion shares to 1.8 billion. Salik has also received approval from the Securities and Commodities Authority to

The new offering size was determined by the Selling Shareholder, following Salik’s decision to set the offer price at Dhs2.00 per ordinary share on 13th September 2022

The company’s starting market capitalisation is expected to be $4.1bn.

Salik Company on Friday announced that it has increased the number of shares offered in Salik’s Initial Public Offering (IPO) from 1,500,000,000 ordinary shares to 1,867,500,000 ordinary shares,

This article examines recent activity and key trends in the asset management sector in United Arab Emirates.

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