Ibrahim Al Haddad is the new chief executive of Salik. Photo: Salik
![](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/MWOTDXQHSDV5PB2X3VSQQQP6HM.jpg?smart=true&auth=a149c5bfdd644803392e5fbb54bce2c8cf29d9ab6a5bcecb7282796cf8b09d71&width=400&height=225)
Vehicles pass under a toll gate on Sheikh Zayed Road in Dubai on Monday, September 5, 2022. Toll gate operator Salik is set to raise more than $1bn after it became the latest state-linked company to list. AP
![](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/LU4VISPN2SS5IMLX3I5MJVJQZI.jpg?smart=true&auth=5faa57e43e761e6ff63e4d0601bbb37815a8d4dfc4fa0ddb5f0b155eca320abe&width=400&height=225)
Motorists are required to have a tag on the windscreen of their car and an online account to use the high-speed motorway. Victor Besa / The National
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Drivers are charged Dh4 ($1.09) for each gate that they pass through. There are eight gates at present, but Salik's IPO prospectus says that more could be built. The National
![](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/7ND56ZNTDFHGKP7S5PBMJA5D7U.jpg?smart=true&auth=468dc4f3427ea9e802c4a75c576312d224dcd5c7e8525b8e3b921697381fce0a&width=400&height=225)
Signs warn drivers that they need a tag on their vehicle to use this road. Jaime Puebla / The National
Ibrahim Al Haddad is the new chief executive of Salik. Photo: Salik
![](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/MWOTDXQHSDV5PB2X3VSQQQP6HM.jpg?smart=true&auth=a149c5bfdd644803392e5fbb54bce2c8cf29d9ab6a5bcecb7282796cf8b09d71&width=400&height=225)
Vehicles pass under a toll gate on Sheikh Zayed Road in Dubai on Monday, September 5, 2022. Toll gate operator Salik is set to raise more than $1bn after it became the latest state-linked company to list. AP
![](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/LU4VISPN2SS5IMLX3I5MJVJQZI.jpg?smart=true&auth=5faa57e43e761e6ff63e4d0601bbb37815a8d4dfc4fa0ddb5f0b155eca320abe&width=400&height=225)
Motorists are required to have a tag on the windscreen of their car and an online account to use the high-speed motorway. Victor Besa / The National
![](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/FTM2TXEZZAKMQ56XEEZBOEG6NY.jpg?smart=true&auth=4778cddbdf4d45f2efc429797adcd6a07fd37c05c07d012491a37a734f2f4711&width=400&height=225)
Drivers are charged Dh4 ($1.09) for each gate that they pass through. There are eight gates at present, but Salik's IPO prospectus says that more could be built. The National
![](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/7ND56ZNTDFHGKP7S5PBMJA5D7U.jpg?smart=true&auth=468dc4f3427ea9e802c4a75c576312d224dcd5c7e8525b8e3b921697381fce0a&width=400&height=225)
Signs warn drivers that they need a tag on their vehicle to use this road. Jaime Puebla / The National
Ibrahim Al Haddad is the new chief executive of Salik. Photo: Salik
Salik IPO: Dubai toll operator set to raise more than $1bn after boosting offering size
Emirate's government will now sell a 24.9% stake in the company due to strong investor demand
![Massoud A Derhally](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/https%3A%2F%2Fs3.amazonaws.com%2Farc-authors%2Fthenational%2F2ef7c5fc-381a-4c43-8771-5b57d49378de.png?smart=true&auth=e4feb7be53fc027e0c78abaa1d6f082f4f272695e4446f05ee53e3b8e77284dd&width=70&height=70)
Massoud A Derhally
16 September, 2022
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