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Dubai to list Salik road toll system on the DFM

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Dubai plans to list its Salik road toll system on the Dubai Financial Market as part of efforts to boost its stock market and attract more listings amid a growing appetite for initial public offerings in the region, the Dubai Securities and Exchange Higher Committee said.

The intended listing on DFM is part of the committee’s strategy to increase the size of the stock market in the emirate to Dh3 trillion ($816.8 billion) in the coming period, the committee said in a statement on Saturday.

“Within the Dubai Financial Markets and Exchanges Development Committee, we approved a plan to include the traffic tariff system Salik in the Dubai Financial Market,” Sheikh Maktoum bin Mohammed, Deputy Prime Minister and Minister of Finance, said in a tweet on Saturday.

“The Salik system is successful and investing in it holds great opportunities. The goal is to diversify the government companies that we list in the market in order to achieve the best return…

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