Page 45 - SALIK PR REPORT FEBRUARY 2024
P. 45

UAE: Salik shareholders reap


               benefits, share concerns



               With the announcement about two new toll gates in Dubai, Salik share prices
               saw a further increase
               by
               Nasreen Abdulla







































               File photo
               Published: Fri 9 Feb 2024, 6:00 AM
               Dean Fernandes was one of the first people to sign up for the initial public
               offering (IPO) of Dubai’s road toll-operator Salik when it was announced in 2022.
               He invested a little over Dh2,000 in the shares and now, they are valued at
               roughly Dh3,300.
               A longtime resident of Dubai, he knew that the shares were going to be a winner.
               “As soon as I heard that the IPO was going to be announced, I knew I wanted to
               buy it,” he said. “I am very happy with my purchase. I can only see the share value
               rising steadily.”
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               Dean is one among thousands of UAE residents who subscribed to the IPO of
               Salik and are now counting their gains. Upon debut, the shares climbed 20 per
               cent above its listing price. Last month, when it was announced that two new toll
               gates would be established in Dubai, the share prices climbed a further 35 per
               cent.
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               https://www.khaleejtimes.com/uae/transport/uae-salik-shareholders-reap-benefits-share-concerns
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