Salik is the official toll gate operator in Dubai, playing a vital role in managing the city’s road infrastructure and transportation network. Since its establishment in 2007 by the Roads and Transport Authority (RTA), Salik has streamlined traffic management across Dubai by using a sophisticated electronic toll system. With toll gates strategically located throughout the city, Salik ensures the smooth flow of traffic and contributes to the city’s urban mobility. In 2022, Salik launched its IPO on the Dubai Financial Market (DFM), raising $817 million. This IPO marked a key milestone in Dubai’s initiative to list key state-owned entities to attract investment and increase market activity.
The Salik IPO drew significant interest from investors due to its essential role in Dubai’s infrastructure and the strong backing of the government. For those looking to invest in the transport sector and infrastructure, Salik presents a stable, long-term investment opportunity with its steady revenue stream from toll collections. With Dubai’s continuous growth and expansion, Salik is well-positioned to benefit from increasing vehicle usage and urban development.
IPOs are risky investments. If you want to invest in one, make sure you are well-informed.
If you would like to take a step back and read about how to buy shares online, click here.
Top broker for buying Salik shares
1. eToro – Best Crypto Exchange for Beginners
Min Deposit: $100
Fees: 4.8
Assets available: 4.8
Total Fees:
51% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
eToro is a popular investment platform in the UAE, offering access to IPOs with a simple and user-friendly interface. It allows investors to participate in newly listed companies with fractional shares, making it accessible to those with smaller capital. The platform provides access to global markets, making it a convenient option for UAE investors interested in diversifying their portfolios with IPO investments.
51% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Fees for trading Salik stocks
Let’s take a look at the fees for trading Salik shares at our recommended brokers. You have to count with different kinds of fees when you are trading with Salik shares.
Commission is a fee, based on the traded volume or a flat fee per trade. For example, 0.1% of €10,000, $5/trade, or $0.005/share. Needless to say, these are different at each broker.
Let’s see the fees of trading with Salik shares at our recommended broker eToro.
| Fee Type | Amount | Details |
|---|---|---|
| Commission on Stocks | $0.00 | No commission for buying non-leveraged stocks, including IPOs |
| Spread (CFDs) | Varies | Charged based on the difference between buy/sell prices |
| Currency Conversion Fee | 0.5% | Applied to non-USD deposits/withdrawals |
| Withdrawal Fee | $5 per withdrawal | Fixed fee for each withdrawal from the account |
| Inactivity Fee | $10/month | Applied after 12 months of inactivity |
| Overnight/Weekend Fees | Varies (x3 on weekends) | Charged on open CFD positions |
Conclusion
In conclusion, you can purchase Salik stock once trading begins. Here are four simple steps to follow:
- Choose a broker
- Set up your account
- Add funds to the account
- Purchase the stock
Although it may seem complicated, just break it down into manageable steps. Keep in mind that opening and funding an account can take some time, so it’s smart to plan ahead if you want to trade Salik shares on the first day.
For more information on IPOs, take a look at our article on IPO investing.
If you’re still uncertain, try our broker selector tool to help you choose the right online broker for your needs.