How to Buy Salik Shares through UAE Banks?

With Salik’s IPO making headlines across the UAE, many residents and expats are keen to grab a piece of the pie. If you’re wondering how to buy Salik shares through local banks in the UAE, this guide is your one-stop solution.

Contents

Let’s break it down step by step in a clear and simple way, even if you’re a first-time investor.

What is Salik?

Salik is Dubai’s official road toll operator, providing seamless and cashless toll collection across major roads in the city. In 2022, Salik announced its IPO (Initial Public Offering), allowing individuals to buy shares and become stakeholders in one of the most essential infrastructures of Dubai.

Why Invest in Salik Shares?

Stable Revenue: With millions of vehicles using Salik daily, it guarantees a steady income stream.

Government-backed: Being a Dubai government entity adds trust and credibility.

Growth Potential: As Dubai expands, traffic increases, and so does Salik’s profit margin.

Dividend Yield: Salik aims to distribute regular dividends to shareholders.

Step-by-Step Guide to Buy Salik Shares through UAE Banks

Have a Valid Emirates ID to Buy Salik

Before you do anything, make sure you have a valid Emirates ID. This is a must for opening investment accounts in the UAE.

Open an Investor Number (NIN)

To invest in Salik or any other listed company in Dubai Financial Market (DFM), you need a National Investor Number (NIN). You can apply for this:

Through DFM’s official website or mobile app.
At DFM counters (like in World Trade Centre or DFM trading floor).
Some UAE banks can also help to invest in Salik shares directly.

Choose a Bank That Offers Brokerage Services

Many UAE banks allow you to buy and sell shares directly through their investment or brokerage platforms. Popular ones include:

Emirates NBD
First Abu Dhabi Bank (FAB)
Abu Dhabi Commercial Bank (ADCB)
Mashreq
RAKBANK

Open a Trading Account

Once you’ve chosen your bank:

Visit the bank’s branch or use their online portal/app.
Submit the required documents: Emirates ID, NIN, passport copy, and a few signatures.
The bank will link your NIN to your trading account.

Deposit Funds to Buy Salik Shares

Add funds to your trading account via bank transfer or direct deposit.

Search for Salik on the Trading Platform

Place a Buy Order
Enter the number of shares.
Choose the price (market or limit order).
Confirm and execute your trade.

Track and Manage Your Investment

You can view your portfolio performance, dividends, and market updates via the bank’s platform.

Benefits of Buying Salik Shares Through UAE Banks

User-friendly platforms with Arabic and English support.
Secure and regulated environment.
Direct integration with your bank account.
Real-time market access and updates.

10 FAQs About Buying Salik Shares

Q1: Can expats buy Salik shares?

Yes! Both UAE nationals and expats can invest in Salik.

Q2: Is it mandatory to have a NIN to buy shares?

Absolutely. Without a NIN, you cannot trade on the DFM.

Q3: How much does it cost to open a trading account through a bank?

Most banks offer it for free, but there might be a small annual fee depending on the provider.

Q4: What is the minimum number of shares I can buy?

The minimum depends on the market price, but typically, you can start from as low as AED 1,000 worth of shares.

Q5: Do I need to pay any brokerage or transaction fees?

Yes, banks charge a small brokerage fee per transaction, usually between 0.25% to 0.5%.

Q6: How can I earn from Salik shares?

Through capital appreciation (share price increase) and dividend payouts.

Q7: Are there any risks involved?

Yes. Like any investment, there are market risks. However, Salik is considered a relatively stable stock due to its strong fundamentals.

Q8: How can I sell my Salik shares?

Use the same trading platform of your bank to place a sell order whenever you’re ready.

Q9: Will I get dividends in my bank account?

Yes. Dividends will be deposited into your linked bank account or investment wallet.

Q10: Can I buy Salik shares through international banks?

No. Only UAE-licensed banks and brokers registered with DFM can facilitate Salik share purchases.

Start investing in Salik today,

Investing in Salik shares is a smart move for anyone looking to be part of Dubai’s growing economy. Whether you’re a beginner or a seasoned investor, UAE banks make the process simple, secure, and seamless. By following the steps above, you’ll be on your way to owning a slice of one of the city’s most crucial infrastructures.

Ready to start your investment journey with Salik? Now is the time!

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