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UAE In-Focus — Salik raises over $1bn in oversubscribed IPO

Toll operator Salik raised 3.73 billion dirhams ($1.017 billion) in an initial public offering on the Dubai Financial Market, according to a statement. The IPO was oversubscribed 49 times across all tranches, with gross demand totaling 184.2 billion dirhams. Its offering price was 2 dirhams per share, giving it a…

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Click here to read the full story: Arab News

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