Tags : Andrew Tarbuck

IPOs Transport United Arab Emirates

Salik, Dubai’s road-toll operator to sell a 20% stake via

Salik Company, Dubai’s exclusive toll gate operator, has announced its intention to proceed with an initial public offering (IPO) and to list its ordinary shares for trading on the Dubai Financial Market (DFM).  As per the released statement, 1.5 billion shares each with a nominal value of AED0.01 will be made available in the Offering, representing […]

Industrial IPOs United Arab Emirates

Borouge completes its initial listing on Abu Dhabi Securities Exchange

Borouge, the strategic joint venture between Abu Dhabi National Oil Company (“ADNOC”) and Borealis (“Borealis”), providers of innovative and differentiated polyolefin solutions, has listed on the Abu Dhabi Securities Exchange (“ADX”) on June 3, 2022.  Upon listing, ADNOC owns a majority 54% stake in Borouge, with Borealis holding 36% via its wholly-owned subsidiary Borealis Middle […]