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 has a strong relationship with RTA and operates under a well-defined regulatory framework which reduces tariff uncertainty and helps future proof its business.

Salik is a critical asset for the emirate, in a city where car penetration is extremely high with more than 60% of Dubai’s commuters using private cars.

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

Intention to Float
Announcement and
Publication of the Prospectus
05 September 2022
Retail Subscription
Opens and Price
Range Announcement
13 September 2022
Retail Subscription
Closes
 
20 September 2022
Commencement of
Refunds
 
28 September 2022

IPO FINANCING

Maximize your purchasing power as a participating client in SALIK IPO with our short term financing facility, designed to boost your returns.

Fully Shari’a-compliant | High Finance Amounts | Competitive Profit Rate

Terms & Conditions Apply

SUBSCRIPTION CHANNELS

LIST OF BRANCHES

Branch Name Location Timings Address
Khalifa Ajman Saturday to Thursday
(8:00 AM - 2:00 PM)
Main Ajman Saturday to Thursday
(8:00 AM - 2:00 PM)
Al Ain Al Ain Saturday to Thursday
(8:00 AM - 2:00 PM)
Buhaira Sharjah Saturday to Thursday
(8:00 AM - 2:00 PM)
Garhoud Dubai Saturday to Thursday
(8:00 AM - 2:00 PM)
Dalma Mall AbuDhabi Saturday to Thursday
(8:00 AM - 2:00 PM)
Khalidiya AbuDhabi Saturday to Thursday
(8:00 AM - 2:00 PM)
RAK Ras Al Khaimah Saturday to Thursday
(8:00 AM - 2:00 PM)
Jumeirah Dubai Saturday to Thursday
(8:00 AM - 2:00 PM)

APPLY ONLINE

Ajman Bank account holders will have the option to participate in the SALIK IPO via their Online Banking

ONLINE BANKING STEPS:
  • ❋ Visit www.ajmanbank.ae and select Online Banking
  • ❋ Login to the online banking account
  • ❋ Click on IPO and then IPO Purchase
  • ❋ Choose SALIK IPO from the drop down list
  • ❋ Enter valid DFM NIN ID
  • ❋ Enter subscription details
  • ❋ Confirmation will show IPO application and reference number

Apply Now with the below form