How to Buy Salik Shares in UAE: A Complete Beginner’s Guide

How to Buy Salik Shares in UAE A Complete Beginner’s Guide

In case you want to invest in the stock market of Dubai, the best place to get acquainted with how to buy Salik shares. Salik PJSC is the developer of an electronic toll collection system in Dubai, and it is listed in the Dubai Financial Market (DFM) under the symbol of SALIK. By buying Salik shares, one will be able to share the reliable stream of revenue that is created through the growing road networks of Dubai. This guide was written in a step by step, easy to understand style covering the details of purchasing Salik shares, such as the National Investor Number (NIN), accepting a trading account, depositing money into your trading account and the initial trade. Regardless of your status as a beginner or an experienced investor, knowing how to purchase Salik shares can enable you to make sound decisions in your investments and at the same time be responsible in risk management.

What Are Salik Shares?

Salik shares are the sole ownership in Salik Company PJSC that operates the toll gates in Dubai. A lot of investors consider Salik a good long-term investment since the use of a toll is directly proportional to the population and traffic. To know how to purchase shares of Salik, one should learn the business model and revenue structure of the company.

Step 1: Get Your DFM Investor Number (NIN)

The initial process in the process of how to buy Salik shares is the acquisition of a National Investor Number (NIN) at the Dubai financial market. You may submit applications by downloading the DFM mobile app or attending a licensed DFM broker or one of the participating banks like Emirates NBD or ADIB.

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When visiting you are likely to be asked to provide your passport, Emirates ID and evidence of UAE residency or visa. After getting your NIN you are allowed to trade at the DFM.

Step 2: Open a Trading Account

Once you have been issued with your NIN, the second requirement on how to purchase Salik shares is to open a trading account with a licensed broker in the UAE. Popular ones are Emirates NBD Securities, amana or brokerage services provided by local banks.

To be on the safer side, always make sure that your broker is a registered broker with the Securities and Commodities Authority (SCA).

Step 3: Fund Your Trading Account

It is important to fund your account first before you move on further in the way of buying Salik shares. Money deposit can be done via bank transfer in the UAE or international wire transfer and also partner banks. Check minimum deposit and minimum transaction cost.

Step 4: Place Your Trade

Enter the broker platform or the DFM app and enter the stock symbol SALIK. Type in the number of shares to purchase and order it. This would be the last stage in the process of successful commands to purchase Salik shares.

Important Considerations Before Investing

Prior to closing on the decision on the way to purchase Salik shares, ensure that appropriate research is conducted into the financial performance and future growth strategies of Salik. It is also important to diversify- do not put all your money on a single stock. Note of brokerage, SCA charges and VAT. Salik has also cautioned investors not to fall prey to rogue advertisements and unofficial investment plans.

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Omar Haddad is a technology and business journalist who writes about startups, fintech innovations, and digital growth in the Middle East.

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