Category Archives: 2024

Home Archive by category "2024" (Page 2)
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GCP 2024, Podcast March 5, 2024

Salik numbers: the toll company saw revenue rise just under 12% in 2023, and plans to expand where it gets its money from. We know about the two new gates; it also wants more private parking opps like Dubai Mall, geographical expansion and dynamic (read: surge/congestion) pricing, says Sameer Lakhani of Global Capital Partners FZ LLC. Salik numbers, the proxy data cut: trips are up 10%, the number of vehicles registered up just over 8%, revenue from fines ‘performed strongly’, up 7.5%. I like to think I’ve helped with that. Parkin shares go on sale today at around the 2 AED mark, and will almost def be oversubscribed. Retail investors are set to get 10% of the offering, Sameer says its ‘fairly likely’ that will be increased.

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GCP 2024, Podcast February 27, 2024

The third hotly awaited IPO has driven out of the Road & Transport Authority – RTA garage. Just under 25% of Parkin’s shares will be offered to investors early next month, 10% to retail investors. Parkin operates around185k paid spots in Dubai; Sameer Lakhani expects it to try and convert some of our 392k free spaces into moneymakers. Sameer also says the UAE’s capital markets should benefit from its removal from the FATF grey list, with both primary and secondary markets to get a boost.

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