Page 287 - ALEF EDUCATION PR REPORT - JUNE 2024

A significant selling point of the offer is the opportunity to access one of the

oil industry’s largest dividends. Investors stand to benefit from a projected
$124 billion annual payout, translating to a dividend yield of 6.6 per cent,
according to Bloomberg Intelligence. This share sale comes at a time of
robust demand for new offerings in Saudi Arabia. In recent weeks, four

companies collectively attracted orders totaling $176 billion for their IPOs,
reflecting strong investor interest in deals offering potentially high returns, a
trend observed over the past two years.

Positive effects of RTA’s commercial and transportation strategy:

Dubai RTA has unveiled the Dubai Commercial and Logistics Land Transport

Strategy 2030, which aims to double this sector’s contribution to Dh16.8
billion over the coming years. The overall strategy especially emphasizes
adopting and integrating digital technology infrastructure with the core set-
up by 75 per cent, reducing emissions by 30 per cent and improving
operation efficiency. The new strategy has announced a list of 17 projects to

make Dubai’s overall transportation and logistics costs more competitive.
This would in turn imply more new business setups, thereby increasing the
transportation sector’s contribution to the economy. “This initiative is

expected to bode well for companies like Aramex PJSC and Salik Co PJSC,
who would potentially see their revenues and profitability increase
substantially,” Valecha said.

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