The share of Salik rose in the morning trading, in its first session in the Dubai market, today, Thursday, by about 20%, touching the price of 2.4 dirhams, compared to its listing price in the market at a value of two dirhams.
The Dubai Financial Market celebrated the listing of Salik's shares today, Thursday, when the market bell was rung on the occasion of the listing of the company's shares, in the presence of Mattar Al Tayer, the company's president.
The share of Salik, the operator of traffic toll gates in Dubai, jumped during the first ten minutes of trading today by 14%, to reach the price of 2.29 dirhams.
Salik's share opened today's trading on the Dubai Financial Market at a price of 2.4 dirhams, up by 40 fils from the subscription price, an increase of 17.5%.
The listing of Salik is the fourth listing witnessed by the Dubai market during 2022, after the inclusion of the shares of the Dubai Electricity and Water Authority “DEWA”, “TECOM” and “Union Cooperative”, as part of the strategy of the Capital Markets and Exchanges Development Committee in Dubai aimed at doubling the value of financial markets in the emirate to 3 trillion dirhams during the next stage.
The offering of 24.9% of Salik raised about one billion dollars (3.7 billion dirhams). The company, which recently attracted more than $50 billion in IPO applications, expects to capitalize on Dubai's urban scheme as a business hub in the Middle East that attracts visitors and seeks to increase the emirate's population.
The UAE market indices interacted today with the listing of Salik shares in the Dubai market, with the latter rising by 0.70% to 3366 points, while the Abu Dhabi market index recorded a growth of 0.46% at the level of 9783 points.
