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Parkin Company (PARKIN) – Introduction and background |
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Parkin Company PJSC is Dubai’s exclusive operator and manager of all public paid parking infrastructure, holding a 49-year concession from the Roads and Transport Authority (RTA) to operate current and future on-street and off-street paid parking facilities across the emirate.
Dubai’s paid parking operations date to 1995, originally managed under the Dubai Municipality before transferring to the RTA in 2005. Parkin was formally incorporated as an independent entity in December 2023 and at the point of its IPO operated over 175,000 parking spaces across 85 locations. The RTA retains responsibility for all major capital expenditure on street infrastructure, leaving Parkin with a capital-light business model.
Parkin listed on the Dubai Financial Market (DFM) in March 2024, offering a quarter of its share capital in the heavily-oversubscribed IPO. With revenues directly correlated to traffic volumes, the stock is regarded as a high-quality defensive infrastructure investment with predictable cash flows and low operating costs.
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8th floor, CI Tower
Corniche Road
PO Box 93894
Abu Dhabi
United Arab Emirates
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+971 2 657 2414
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ADS Securities L.L.C – S.P.C (“ADSS”), a limited liability company – sole proprietorship company incorporated under United Arab Emirates law. Registered under Commercial License No.1190047. ADS Securities L.L.C S.P.C is regulated and authorised in the UAE by the Capital Market Authority (CMA) under Category 1 License No.305027 (Trading Broker, Trading and Clearing Broker, Trading Broker in the International Markets, Trading Broker of OTC Derivatives and Currencies in the Spot Market, Financial Products Dealer) and Category 5 License No.20200000217 (Introduction). Registered Office: 8th Floor, CI Tower, Corniche Road, P.O. Box 93894, Abu Dhabi, United Arab Emirates.
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