Expires today, Tuesday 20 September, period Subscription for retail investors to the Salik offer, expiring on 21 September for qualified investors.
Salik announced an increase in the number of shares available for subscription in its initial public offering from 1.5 billion common shares to 1.86 billion common shares, which means the percentage of shares available for trading after listing will rise from 20% to 24.9% of Salik’s capital, with the Dubai government holding 75.1% of its capital.
The subscription saw coverage of all shares offered within hours of the subscription launch on September 13th.
Listing offer and acceptance is expected to be completed on September 29, 2022, subject to market conditions and after obtaining relevant regulatory approvals in the UAE, including approval for listing and trading on the financial market of Dubai.
Interestingly, Salik’s IPO is the third in Dubai this year, after the Dubai Electricity and Water Authority (DEWA) and the TECOM group, which manages the business park, as part of a government plan to increase volumes. exchange listing the activities of the government.
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