Salik debuts listing and trading of its shares on the Dubai Financial Market

Salik debuts listing and trading of its shares on the Dubai Financial Market

- The listing underscores the significance of Dubai’s financial markets development strategy and the efficiency of its markets

- The enormous demand is a clear testament on investors’ interest to participate in the accelerating economic growth in Dubai

Dubai: Dubai Financial Market (DFM) today welcomed the listing of shares of Salik Company (PJSC), the leading company in the field of traffic tariff systems at the regional level and the exclusive toll gates operator in Dubai. This is the third public offering and listing on the DFM in 2022 to date, as part of the accelerated steps to implement Dubai’s strategy to develop financial markets, which includes offering shares in ten leading entities.

His Excellency Mattar Al Tayer, Chairman of Salik, rang the DFM market opening bell to celebrate the listing, in the presence of His Excellency Helal Al Marri, Chairman of the DFM, Ibrahim Sultan Al Haddad, Chief Executive Officer of Salik and Hamed Ali, CEO of the DFM and Nasdaq Dubai, as well as senior executives from both sides.

The Company's shares began trading under the symbol "SALIK", culminating its successful public offering. The strong demand toward the issuance prompted the Company to raise the offered shares to 1,867,500,000 shares representing 24.9% of