Salik Company PJSC. Stock Analysis SALIK.DB

Salik Co. PJSC provides infrastructure construction services. The company is headquartered in Dubai, Dubai. The company went IPO on 2022-09-29. The firm is engaged in the operation and maintenance of existing toll gates across Dubai, as well as the design and construction of new toll gates, including the necessary tolling equipment, infrastructure, and interface requirements. The Salik system is a free-flowing tolling solution that allows drivers to pass through gates without manual payments; its scanning technology automatically identifies vehicles by reading the Salik tag affixed to the windshield and deducts the toll amount from the vehicle owner's prepaid Salik account. Salik operates approximately eight toll gates along key routes such as Sheikh Zayed Road, Al Maktoum Bridge, and the Airport Tunnel. The firm is owned by the Dubai Investment Fund, which is ultimately controlled by the Government of Dubai.