Dubai’s Salik Soars in Trading Debut After Huge IPO Order Book

A Salik toll gate on Sheikh Zayed Road in Dubai.
Photographer: Christopher Pike/Bloomberg

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By Farah Elbahrawy

September 29, 2022 at 6:00 AM UTC

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Dubai’s road-toll operator Salik surged in its trading debut on Thursday, after its initial public offering drew $50 billion in orders, underscoring robust demand for Middle Eastern listings.