DUBAI RTA
8,000 crore target, Dubai toll collector ‘Salik’; Non-residents can also buy
DUBAI: SALIK, a road toll collection system in the emirate, is selling 20 per cent stake to the public. Both natives and foreigners can buy Salik shares. Toll collection is the most profitable government enterprise in Dubai.
A huge jump in the stock market is expected with the new decision. The share price is yet to be released. A total of 150 crore shares will be sold. 15 to 20 sales. Salik shares will be available in all major banks of the country. Salik was introduced in Dubai in 2007. There are already 8 toll gates in the emirate.
The current toll gates are at Al Barsha, Jebel Ali, Al Mamsar North, Al Mazar South, Al Garood, International Airport Tunnel and Al Maktoum Bridge. There is also a possibility of more toll gates coming up in the future. 48.1 crore trips passed through SALIC in 2021.
Till June this year, 26.7 crore vehicles passed through the Salik Gate. Last year the revenue generated through SALIK was Dh169 crore (Rs 3633 crore). So far this year, the salik income has been 94.49 crore dirhams (Rs 2031 crores). Stocks are touted as the safest investment.
Most of the shares are held by the government. 80% is retained by the Government of Dubai while 20% is sold. This position has been adopted with the aim of ensuring more transparency for the sale of shares. The company will be listed on the Dubai Financial Market on the 29th of this month. Salik had already become a public joint stock company in June.
Salik is targeting Rs 8,000 crore through the sale of shares. A person can own a minimum of 1000 shares. There is no limit to the maximum number of shares that can be owned. SALIK is the third PSU to sell shares. In April, Dubai Electricity and Water Authority (DEWA) raised $6.1 billion (Rs 4.8 lakh crore) through the sale of shares. In June, business park TCom raised Rs 1.36 lakh crore through stake sale.
Salik shareholders will receive the first dividend in April 2023. It has been announced that 100 percent of the profits will be distributed. Salik shares are available in Emirates NBD, Abu Dhabi Commercial Bank, Abu Dhabi Islamic Bank, Ajman Bank, Commercial Bank of Dubai, Dubai Islamic Bank, Emirates Islamic Bank, First Abu Dhabi Bank, Mashreq Bank, M Bank and Sharjah Islamic Bank. The Arabic word Salik means open, clear.
The system will change and so will the color
RTA plans to change the current system of fixing toll rates. The idea is to charge higher rates during peak hours and lower rates during off-peak hours when more vehicles are on the road. Currently the toll is Dh4 at all times. When the new system comes into force, there will be a fluctuation in the toll rates. In Singapore and Dallas in the US, dynamic pricing is introduced where tolls are charged according to time.
Salik gates change color. The red and metallic gray Salik gates, which are the hallmarks of Dubai’s roads, will turn dark grey. There is also refinement in writing. The change in brand color is part of becoming a public sector joint stock company.
Dubai RTA Bus no: F26 runs between Noor Bank Metro Station and FGB Metro Station.
Dubai Bus number F26 stops at the below bus stops:
To Equiti Metro Bus Stop Landside st.
- Al Safa Terminus
- Al Safa Landside Metro Bus stop
- Emirates Gas Factory
- Honda, Training Center 2
- Honda, Training Center 1
- Al Quoz, Bus Station B4
- Queen Palace Factory 1
- Masaood Bergum Construction
- Berger Paints
- Tela’a Tech Industrial
- Speedwell Decor
- Ahmadya Cont., Labour Camp 1
- Qumaish Cont, Labour Camp 2
- Quoz, Industrial Area 3 Terminus
- Hilton Jumeirah Hotel, Accomodation
- Al Quoz Depot 1
- Al Quoz, Al Habtoor Engineering 1
- Al Quoz, Al Qeaim Public Kitchen 1
- Quoz, T. Choithram Stores 2
- Al Quoz, Emirates Glass 2
- Quoz, Al Shamsi Steel Manufacturing Co
- Al Quoz Mall 1
- ETA Profiles
- ETA SwitchGear Manufacturing 1
- Al Quoz, Dubai Center Driving School 2
- Quoz, Azzani Ready Mix 2
- Quoz, Cemex RMC Topmix 2
- Quoz, Gargash
- Quoz, Nabooda Cars
- Quoz, Ikea Stores
- Quoz, Falaknaz
- Gold & Diamond Park
- Equiti Metro Bus Stop Landside
To Al Safa Terminus st.
- Equiti Metro Bus Stop Landside
- Gold & Diamond Park
- Quoz, Falaknaz
- Quoz, Ikea Stores
- Quoz, Nabooda Cars
- Quoz, Gargash
- Quoz, Cemex RMC Topmix 1
- Quoz, Azzani Ready Mix 1
- Al Quoz, Dubai Center Driving School 1
- Classic Crystal 1
- ETA SwitchGear Manufacturing 2
- ETA Profiles
- Al Quoz Mall 2
- Quoz, Al Shamsi Steel Manufacturing Co
- Al Quoz, Emirates Glass 1
- Quoz, T. Choithram Stores 1
- Al Quoz, Al Qeaim Public Kitchen 2
- Al Quoz, Al Habtoor Engineering 2
- Habtoor Equipment Corporation 1
- National Cement Corporation, Staff Accomodation
- 7 Up Staff Accommodation
- Qumaish Cont, Labour Camp 1
- Ahmadya Cont., Labour Camp 2
- Speedwell Decor
- Al Quoz, Bus Station 8
- Queen Palace Factory 1
- Galadari Printing & Publishing 1
- Al Safa Landside Metro Bus stop
- Al Safa Terminus
Bus Route
61D Bus Route in Dubai – Time Schedule, Stops
Dubai RTA Bus no: 61D runs between Al Ghubaiba Bus Station and Nad Al Shiba Clinic.
Dubai Bus number 61D stops at the below bus stops:
- Ghubaiba Bus Station M
- Falcon Intersection
- Raffa
- Rolla
- Al Fahidi Metro Bus Stop A
- Four Point Sheraton Hotel
- BurJuman Metro Bus Stop A
- BurJuman Metro Bus Stop C
- Broadcast Interchange
- Oud Metha Metro Bus Stop
- Oud Metha Road 1
- Oud Metha Road 2
- Wafi City 1
- Qateyat, Intersection
- Oud Metha Road, Emarat Petrol Station
- Nad Al Shiba, Clinic
Dubai RTA Bus no: 24 runs between Al Nahda 2 and Via Airport Terminal 1International City.
Dubai Bus number 24 stops at the below bus stops:
To Al Nahda, The Sheffield Private School 1 st.
- International City Bus Station 3
- International City, Entrance EA
- International City, Dragon Mart Main entrance
- International City, Dragon Mart 1 1
- Post office 1
- International City, Rivera Dreams Apartments 1
- International City, CBD Buildings
- International City, Persia O02 1
- International City, Persia M03 1
- International City, Civil Defence 1
- International City, Greece 1
- Manama Road 4
- Vegetable Market 2
- Ras Al Khor,Veg. Mkt. Del Monte Foods 2
- Ras Al Khor,Veg. Mkt. Customs Office 2
- Ras Al Khor,Veg. Mkt. Union Coop.Society 1
- Ras Al Khor,Veg. Mkt.
- Ras Al Khor, Comm. Complex 1
- Ras Al Khor, Interchange
- Nad Al Hamar Grand Mosque
- Umm Ramool, Enoc
- Rebat Street 2
- Dubai Festival City, IKEA 1
- Dubai Festival City, Festival Centre 1
- Dubai Festival City, Marks & Spencer 2
- Mawakeb School 2
- Dubai Municipality Garage 2
- Emirates Metro Station 2
- Airport Terminal 1, Arrival 2
- Cargo Village
- Al Nahda 1, Burj Al Noor 1
- Al Nahda 1, Terminus 1
- Al Nahda 1, Fatma Mohammad Mosque
- Al Nahda, Canary Building
- Al Nahda, Emirates College
- Al Nahda, Madina Supermarket
- Al Nahda, Motawa Bldg
- Dubai Carmel School 1
- Al Qusais, Public Transport Depot
- Al Nahda, The Sheffield Private School 1
To International City Bus Station 3 st.
- Al Nahda, The Sheffield Private School
- Al Nahda, Zuleikha Hospital
- Al Nahda, 19A Street 1
- Al Nahda, Madina Supermarket
- Al Nahda, Emirates College
- Al Nahda, Canary Building
- NMC Hospital
- Garhoud, Intersection
- Airport Terminal 1, Arrival
- Emirates Airlines Headquarters
- Emirates Metro Bus Stop
- Dubai Municipality Garage
- Mawakeb School
- Dubai Festival City, Marks & Spencer
- Dubai Festival City, IKEA
- Rebat Street 2
- Umm Ramool, Enoc
- Hepworth Plastics
- Nad Al Hamar Grand Mosque
- Ras Al Khor, Comm. Complex
- International City, Post office
- International City, Rivera Dreams Apartments 1
- International City, Police Station 1
- International City, Persia O02
- International City, Persia M03
- International City, Greece K12 Terminus
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