The Dubai Securities and Exchange Higher Committee has announced plans to list Salik, Dubai’s road toll system that operates without toll booths or barriers, on the Dubai Financial Market (DFM).
The move follows directives from Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, vice president of Dubai, deputy prime minister and minister of finance, the state news agency reported. WAM.
The planned listing on DFM is part of the Dubai Securities and Exchange Higher Committee’s strategy to increase the size of the emirate’s stock market to AED3 trillion over the coming period.
The Salik toll system is one of Dubai’s main infrastructure assets, with significant traffic volumes. The system, introduced by the Roads and Transport Authority (RTA) in 2007, uses the latest technologies to facilitate the flow of traffic.
The eight toll booths of Salik, Al Barsha, Al Garhoud, Al Maktoum, Al Mamzar South, Al Mamzar North, Al Safa, Airport Tunnel and Jebel Ali, aim to reduce congestion, encourage the use of public transport and l use of alternative routes.
The number of vehicles registered in the Salik toll system is 3 million, of which 1.8 million are registered in Dubai.
The strategy of the Securities and Exchange Higher Committee aims to list government and public companies on the Dubai Financial Market (DFM) as part of the acceleration of new listings in various sectors, including energy, logistics and retail sales. retail, in addition to adopting innovative financial tools and instruments that can meet the current needs of investors.