Page 189 - SALIK PR REPORT JANUARY 2024

After Salik and Dubai Taxi, newly-formed

Parkin could launch IPO next: Experts

Story by Waheed Abbas • 22h

After Salik and Dubai Taxi, newly-formed Parkin could launch IPO next: Experts© Provided by Khaleej Times

Dubai’s newly-launched , which will create, plan, design, operate, and

manage public and private parking in the emirate, is most likely to take , 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 expecting the
government and its entities to announce new IPOs over the course of the coming
months and years. If effective, Parkin’s IPO could happen in the coming months

https://www.msn.com/en-ae/news/featured/after-salik-and-dubai-taxi-newly-formed-parkin-could-
launch-ipo-next-experts/ar-AA1ms4pc