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…
Continue Reading
Subscribe to unlock the full article and access premium financial content.
Click here to read the full story: Arab News