Page 185 - SALIK PR REPORT JANUARY 2024

After Salik and Dubai Taxi,

newly-formed Parkin could

launch IPO next: Experts

Creation of the new company could be a step towards preparing for
public offerings as authorities are keen to develop the local stock market
by

Waheed Abbas

Published: Thu 4 Jan 2024, 1:41 PM
Last updated: Thu 4 Jan 2024, 4:35 PM
Dubai’s newly-launched company Parkin, which will create, plan, design,
operate, and manage public and private parking in the emirate, is most likely
to take the IPO route, which would garner “substantial attention and interest”
from investors, say analysts.
Hani Abuagla, senior market analyst at XTB Mena, said the creation of Parkin
could be a step towards preparing for an IPO as Dubai authorities have been
very keen to develop the local stock market in terms of variety, liquidity, and
trading volumes.
“On that note, Dubai’s strategy has been very successful in attracting
investors and saw oversubscriptions in many of its IPOs. Investors have been

https://www.khaleejtimes.com/business/markets/after-salik-and-dubai-taxi-newly-formed-parkin-could-
launch-ipo-next-experts