United Arab Emirates

The UAE Salik IPO – priced to go? 12 things investors should know

  • UAE toll road operator Salik will list at AED2 per share, with the Government of Dubai to selling a 20% stake

  • Salik is very profitable; the historical EBITDA margin is 82% but this falls to 67% after adjusting for concession fees

  • A 100% payout ratio and scope to raise prices builds an attractive investment case. Key risks: technology, governance

September 15th, 2022
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