What is Parkin/what does the company do? #ipo #FAQ #parkin

Parkin is the exclusive public parking operator in Dubai with a natural dominant position in
Dubai’s parking market. With approximately 197,000 paid parking spaces across Dubai, including paid public on-street and off-street parking; public multistorey car parks; and certain privately-owned parking lots under long-term contracts with private owners, the Parkin team has developed a fully digitized parking infrastructure experience, offering six digital payment channels and four payment methods, and utilizing state of the art intelligent parking
management systems to provide high quality services to its customers.
Parkin’s mandate is protected by a well-defined and comprehensive Concession Agreement with the RTA for a 49-year period from 2024. The Concession Agreement grants Parkin exclusive rights to operate all of the RTA’s existing and new public parking facilities.
For more information, please refer to the prospectus located under the ‘Documents’ section on the IPO webpage.

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