2023-08-02 15:39:00
It plans to offer a stake in its parking arm to go public next year
Dubai – Al Arabiya.net
Posted on: August 02, 2023: 07:39 PM GST Last updated: August 02, 2023: 08:38 PM GST
Bloomberg reported that the Roads and Transport Authority in the Emirate of Dubai has selected Emirates NBD Capital, Bank of America and Citigroup to work on the planned initial public offering of the taxi business.
The agency added that the authority plans to offer shares in its taxi business unit this year, and that it will offer a stake in the car parking arm for public subscription next year.
It is noteworthy that the Dubai Roads and Transport Authority had listed its subsidiary “Salik” last year in the Dubai Financial Market, to be among the ten planned offerings of government and semi-government companies that were announced.
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