Banks invited to pitch for top roles in upcoming IPO of Dubai road-toll operator Salik -sources | Reuters
Dubai's Road and Transport Authority (RTA) sent a request to banks to pitch for top roles in the upcoming initial public offering of road-toll operator Salik, two sources told Reuters.
Investment banks began to receive invitations to pitch for joint global coordinator roles in the planned public share sale, said the sources familiar with the matter, declining to be named because the information was private.
The RTA and Salik did not immediately respond to a Reuters request for a comment.
The RTA has appointed Moelis & Co as financial advisor on the deal. The U.S. bank is also acting as financial advisor on the public share sale of Dubai Electricity & Water Authority. read more Moelis did not immediately respond to a request for comment.
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