Following the announcement of Salik’s intention to float  its initial public offering (“IPO”) on the Dubai Financial Market, Mashreq bank presents to you the opportunity to subscribe to Salik’s UAE Public Offering. As Dubai’s exclusive toll gate operator, Salik is poised for a remarkable growth story in line with Dubai’s ambitious future plans. Salik is offering eligible UAE-based retail investors an opportunity to participate in its remarkable journey.

Facts about Salik IPO’s Investment Opportunity

Salik is Dubai’s sole toll gate operator and currently operates 8 automatic toll gates throughout Dubai.

Under a 49 year concession agreement, Salik holds the exclusive right to operate current and future toll gates during the concession term.

Salik’s toll gates are located at strategic junctures and high traffic areas, especially on the 558.4km-long E11 motorway (also known as Sheikh Zayed Road), stretching from Abu Dhabi through Dubai and Sharjah to Ras Al Khaimah.

Salik’s toll gates utilise state-of-the-art RFID technology, reducing traffic bottlenecks and resulting in significantly lower carbon emissions.

Salik’s business model is capex-light in nature and enjoys best in class operating margins.

Salik’s net toll traffic from 2013 through 2019 grew at 5.5% compound annual growth rate (CAGR) driven by Dubai’s evident robust economic growth, above the UAE GDP growth levels for the same period.

RTA has been allocated a budget of AED 5 billion to help develop the five main urban centres under the Dubai 2040 Urban Master Plan, three of which are linked with existing toll gates on the Sheikh Zayed Road.

Salik enjoys a 92% customer satisfaction rate, which is the result of the company’s brand strategy and forward-thinking culture.

Key Dates to Remember

5 September 2022
Intention to Float Announcement and Publication of the Prospectus
13 September 2022
Retail Subscription Opens and Price Range Announcement
20 September 2022
Retail Subscription Closes
28 September 2022
Commencement of Refunds
To find out more information about the Salik IPO, please call on 04-424-4457 You may also write to us at

Disclaimer: This announcement has not been approved by the Securities and Commodities Authority (“SCA”) or any regulator in the UAE or elsewhere and does not form part of the prospectus. This announcement or any related advertisements does not fall under the SCA’s remit or jurisdiction. *T&Cs apply.