Page 53 - SALIK PR REPORT FEBRUARY 2024

2/9/24, 12:12 PM Everyday Investors Triumph: The Salik Success Story in Dubai
Everyday Investors Triumph: The Salik

Success Story in Dubai

In the heart of the United Arab Emirates, everyday residents like Dean Fernandes are witnessing their investment in Dubai's road toll
operator, Salik, grow significantly. The oversubscribed IPO and new toll gates have led to financial triumph and a transformed UAE
financial landscape. However, this success brings mixed blessings, as increased commute expenses and potential taxi fare hikes become
concerns for some investors. Despite these challenges, the hope for higher dividends remains, as Salik's future looks promising with
rising revenues and partnerships. This financial saga serves as a testament to the power of investment and the resilience of the human
spirit in the UAE.

Quadri Adejumo Follow Us
08 Feb 2024 21:07 EST Updated On 09 Feb 2024 01:51 EST

Everyday Investors Triumph: The Salik Success Story in Dubai

In the heart of the United Arab Emirates, a financial triumph unfolds as everyday residents reap the rewards of their

investment in Dubai's road toll operator, Salik. Dean Fernandes, a long-time UAE resident, invested over Dh2,000 in the

initial public offering (IPO) and now watches his shares appreciate to roughly Dh3,300. This victory is not his alone; it is
shared by thousands who believed in the promise of Salik and the transformative power of investment.

The Salik Surge: A Tale of Triumph

The IPO, announced in 2022, attracted immense interest, being oversubscribed 49 times with total subscriptions
exceeding Dh184 billion. On its debut, Salik's shares surged 20%, climbing another 35% following the announcement of

two new toll gates in Dubai. The financial landscape of the UAE is being redrawn, and Salik is leading the charge.

The Human Side of Finance: Mixed Blessings

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