Salik, the Emirate’s Road Toll collection system, has decided to sell 20% stake to the public. The share sale will be held from September 13 to 20. Both natives and foreigners can own Salik shares. 150 crore shares are being offered for sale through initial public offering. Salik shares will be available at all major banks in the UAE. Salik aims to raise Rs 8,000 crore through the share sale. However, Salik has not disclosed the share price yet. A 20 percent stake is sold to the public, while the majority stake, 80 percent, is held by the Dubai government.
