Salik, a toll brand based in Dubai, is widely recognized in the United Arab Emirates. Many motorists drive through the city’s gates many times daily. Retail and institutional investors in the United Arab Emirates (UAE) and elsewhere were paying close attention when the road toll operator announced it will undertake its initial public offering of “Salik shares”. On September 13, Salik shares held its IPO subscription launch, with the price of “Dh2 for Salik share”. It also plans to sell 1.5 billion shares of Salik, or 20% of its stock capital.
Investors will be able to participate in the Initial Public Offering (IPO) through eleven different banks and financial institutions. These include Emirates NBD, Abu Dhabi Commercial Bank, Abu Dhabi Islamic Bank, Ajman Bank, Commercial Bank of UAE, Dubai Islamic Bank, Emirates Islamic Bank, First Abu Dhabi Bank, Mashreq Bank, MBank, but also Sharjah Islamic Bank. For their applications to be authorized, they need to first get a National Investor Number (NIN), then fill out all of the appropriate fields, and last, submit the necessary amounts. Investing with each of these banks is broken down into its parts below.
1. Emirates NBD offers Dh2 Salik shares
Account holders: They may sign up for the service using any of the bank’s digital channels, such as the website, mobile app, or automated teller machines. According to the bank, this will be adequate for identification on the Salik IPO website.
Non-account holders: Anyone, inside or outside the UAE, can subscribe at EmiratesNBD and make payments through their bank using the UAE Central Bank Payment Gateway (PGS), the UAE Central Bank Fund Transfer (FTS), or SWIFT.
2. Emirates Islamic offers Dh2 Salik shares
- Account holders: They have the option to subscribe using the bank’s ATMs, Internet banking, or mobile banking app.
- Non-account holders: Unlike other banks, its not eligible via the electronic subscription channels offered by the bank.
3. ADCB Dh2 Salik shares Offer
The bank has listed four steps to get Dh2 Salik shares which have been highlighted below.
- In the first place, customers visit https://www.adcb.com/salik and click on the IPO subscription link.
- Then finish the authentication process using your UAE Pass or your (customer ID, mobile number, and OTP).
- Enter the NIN number.
- First, choose a broker. Then, input the subscription amount. Finally, choose an account.
4. Mashreq “Dh2 Salik shares” getting method
- Existing clients may use the application to digitally submit initial IPO subscription requests, then create NINs, and after that establish a brokerage account in real-time with Mashreq Securities.
- Moreover, individuals who are not yet Mashreq customers may do the aforementioned actions by first establishing an immediate Mashreq NEO account using the application.
5. CBD process to get “Salik Shares”
There is no restriction on who may participate in the IPO since any CBD users are welcome to do so. Online banking customers may express their desire by logging in. The “then contact the customer and fulfill the procedures,” which may include creating a CBD FS brokerage account, handled by specialist staff.
6. Ajman Bank process
Customers may sign up for the service at any “participating branch” or via the bank’s internet banking system.
7. Al Maryah Community Bank
All applications for subscriptions submitted via Al Maryah Community Bank LLC, filed by citizens or permanent residents of the United Arab Emirates
- You may do it using the bank’s mobile app or online banking.
- Moreover, access New Individual Numbers (NINs) with the mobile app.
8. Dubai Islamic Bank
DIB offers its banking channel to subscribe for Salik IPO. Likewise, you may reach the bank at +971 4 609 2222.
9. Sharjah Islamic Bank process to get “Salik Shares
The following is the customer service telephone number for the bank: +971 6 599 9999
10. FAB process to get Salik Shares
- To subscribe for Dh2 Salik shares interested parties may visit.
The bank has an application as well that customers may utilize on phone.
11. ADIB
Customers may sign up for the service using the bank’s website or mobile application.
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