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Amanat Holdings has confirmed plans to proceed with an Initial Public Offering (IPO) of its Education Platform, as approved by its Board of Directors. The company has engaged IPO advisors, including SNB Capital. The IPO is contingent upon receiving regulatory approvals and favorable market conditions. Further details, such as the offering percentage and the final advisor consortium, will be shared once confirmed. The anticipated timeline for the IPO is within the next twelve months, subject to the necessary approvals and conditions. Amanat Holdings will continue to provide updates as the process develops.

The Dubai Financial Market (DFM) released a weekly summary of regulated short sell transactions for the period from November 25 to November 29, 2024. During this period, Emaar Properties PJSC had a short sell trade volume of 6 and a trade value of 58.62 AED. For more details on regulated short selling, refer to the DFM Market Rules and Operational Model available on their website. The announcement can also be accessed online. The document includes a disclaimer stating that the information is subject to change and that DFM is not liable for any losses resulting from the use of this data.

Salik Company PJSC, the exclusive toll gate operator in Dubai, has been directed by the Road and Transport Authority (RTA) to implement variable pricing on its toll roads by the end of January 2025. This decision is based on RTA studies aimed at improving traffic flow and transportation efficiency in Dubai. The new pricing structure will apply different rates during peak and off-peak hours, with toll-free periods past midnight. The implementation is anticipated to enhance the travel experience for road users and is projected to generate additional annual revenue of AED 60 million to AED 110 million.

Salik PJSC has informed the market that they received a letter from the Roads and Transport Authority (RTA) regarding the implementation of a variable pricing system for road tolls. The new pricing will differentiate between peak and off-peak hours on weekdays and Sundays, excluding public holidays and events. The toll fee during peak hours (6:00 AM to 10:00 AM and 4:00 PM to 8:00 PM) will be AED 6, while off-peak hours (10:00 AM to 4:00 PM and 8:00 PM to 1:00 AM) will cost AED 4. Tolls will be free past midnight (1:00 AM to 6:00 AM). The variable pricing is expected to be implemented by the end of January 2025, with more details to be provided in a future press release. The notification was signed by Ibrahim Sultan Al Haddad, the CEO.