London, UK – Monday, September 12, 2022: ICM.com, a leading online trading and financial service provider, announced today the opening of subscriptions for shares in Dubai toll gate operator - Salik IPO, via its ICM Securities platform.
Salik Company, PJSC, Dubai’s exclusive toll gate operator, announced on Monday its intention to proceed with an initial public offering and to list its shares for trading on the Dubai Financial Market (“DFM”). The company plans to offer 1.5 billion shares, or 20% of the company’s worth, while Dubai’s government remains its largest shareholder, with 80% of its stocks after the IPO. Semi-annual dividends were also announced, to be paid in April and October of each fiscal year.
ICM.com is proud to be one of the very few institutions who will accept subscriptions of retail clients as of the 13th of September 2022, until the 20th of September 2022. According to financial results of Salik published in a newspaper on Monday, company profit for the last year stands at over $353 million, off some 370 million charged trips through its gates.
Earlier, ICM.com launched subscriptions to DEWA IPO and TECOM IPO, having a strong presence in the MENA region with its thriving economy and current forefront position in the IPO market.
Investment in Salik IPO would be operated via ICM Securities platform that offers access to a diverse range of stocks from the top stock exchanges around the world. Aside from the major US and European stock exchanges, the platform provides access to a wide range of stock markets from the Arab region. These include the Abu Dhabi Stock Exchange, Dubai Financial Market, Nasdaq Dubai, Boursa Kuwait, Muscat Securities Market (MSM) and many more. .
‘We would never miss an opportunity to offer our investors the best possible ways to expand and diversify their portfolios. The MENA region is a very important strategic location for us. Therefore, we’re thrilled to be offering this opportunity to both new clients and our existing investors.’ Shoaib Abedi, Founder and CEO of ICM.com