Dubai announces intention to list Salik on DFM

DUBAI: Under the directives of Sheikh Maktoum Bin Mohammed Bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance, the Dubai Securities and Exchange Higher Commitee announced its intention to list SALIK on Dubai Financial Market (DFM).

The intended listing on DFM is part of the Dubai Securities and Exchange Higher Commitee’s strategy to increase the size of the stock market in the Emirate to Dhs3 trillion in the coming period.

The Salik toll system is one of Dubai’s premier infrastructure assets, with robust traffic volumes. The system, introduced by the Roads and Transport Authority (RTA) in 2007, utilises the latest technologies to facilitate smooth traffic flows.

The eight Salik toll gates, Al Barsha, Al Garhoud, Al Maktoum, Al Mamzar South, Al Mamzar North, Al Safa, Airport Tunnel and Jebel Ali, aim to reduce traffic congestion, encourage the use of public transportation and the use of alternative roads.

The number of vehicles registered in the Salik toll system is 3 million, out of which 1.8 million are registered in Dubai.

The Securities and Exchange Higher Commitee’s strategy seeks to list government and state-owned companies on the Dubai Financial Market (DFM) as part of accelerating new listings in various sectors including energy, logistics and retail, in addition to adopting innovative financial tools and instruments that can respond to the current needs of investors.

DUBAI POLICE ROLL OUT UPDATED VERSION OF’ LABBEH’ SERVICE: The Dubai Police have recently rolled out an updated version of the “Labbeh” service device to meet the needs of people of determination visiting the General Department of Logistics Support.

Through “Labbeh” service, people of determination can communicate with customer happiness officers via video chat using an intercom device without the need to leave their vehicles.

The Assistant to Commander-in-chief for Excellence and Pioneering Affairs, Major General Dr Abdul Quddus Abdul Razzaq Al Obaidly, officially unveiled the updated version of the Labbeh service in the presence of Major General Ahmed Mohammed Rafie, Assistant Commander-in-chief for Administration Affairs; Brigadier Naim Al-khatib, Acting Director of the General Department for Logistics Support; Brigadier Khaled Al Shamsi, Acting Deputy Director of the General Department for Logistics Support, Brigadier Dr Saleh Al Hamrani, Deputy Director of the General Department for Excellence and Pioneering, and several senior officers and employees.