Page 42 - SALIK PR REPORT OCTOBER 2023
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11/2/23, 4:02 PM Dubai taxi operator to raise $300m in IPO next month | AGBI
The RTA is working with Bank of America Corporation, Citigroup, and Emirates NBD Capital on the
IPO, with listing planned on the Dubai stock exchange.
In September 2022, Dubai toll operator Salik raised AED3.74 billion from its initial public offering.
The listing of Dubai Parking is likely to follow, the report said.
According to the EY IPO Eye Q2 2023 report, activity in the Middle East and North Africa raised a
total of $1.8 billion from 13 IPOs, down 80 percent year on year. The 44 percent growth in the
number of listings was driven predominately by Saudi Arabia and the UAE.
https://www.agbi.com/articles/dubai-taxi-operator-to-raise-300m-in-ipo-next-month/ 2/2
