Salik Road-Toll System Lines Up BofA, Emirates NBD, Goldman for Dubai IPO
The Sheikh Rashid salik toll road in Dubai.
Photographer: Karim Sahib/AFP/Getty Images
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Dubai’s road-toll collection system has picked Bank of America Corp., Emirates NBD Bank PJSC and Goldman Sachs Group Inc. to arrange its local stock exchange listing, according to people familiar with the matter.
The banks will work alongside Moelis & Co., the financial adviser on the potential listing, the people said, asking not to be identified as the information is private. It wasn’t clear yet what valuation Salik will seek.