The Salik IPO shows a changing UAE investment economy – The National
- Date: 14-Sep-2022
- Source: The National
- Sector:Financial Markets
- Country:UAE
The Salik IPO shows a changing UAE investment economy – The National
Infrastructure, key to making a country run smoothly, is something in which the UAE excels and takes a great interest. From major international aviation hubs to Etihad Rail, in a matter of decades the country has built networks that have taken most others far longer to establish.
The indirect profit of good infrastructure is significant, allowing people, government and business to operate smoothly and predictably. Now, the potential for direct profit from these systems, particularly technologically advanced ones, is also on the government’s radar.
On Tuesday, Dubai announced that it intends to raise Dh3 billion ($817 million) from the sale of a 20 per cent stake in the emirate’s road toll operator, Salik, setting the offering share price at Dh2.
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