Page 76 - SALIK PR REPORT OCTOBER 2023

The DFM is running at exceptional 24 per cent higher in the year-to-date, with

volumes boosted by a rush of recent dividend announcements, from the likes

of Salik (Dh548 million), du (Dh589 million) and Tecom (Dh400 million). Plus,
of course, there’s DEWA with Dh3.1 billion, and which will land in

shareholders’ accounts this month.

In fact, according to a new report, some of the UAE stocks have provided
some sizeable returns for investors. Not just that, the dividend yields have

even bettered return on investments in the UAE’s booming property market.

Not convinced? As proof, the Reidin-GCP report finds that four stocks – the

ADNOC affiliated entities Borouge and Fertiglobe as well as DEWA and Al

Ansari Financial Services - delivered higher than 6 per cent. These four along
with Salik have ‘greater yields than EIBOR (the Emirates Interbank Offered

Rate), which is effectively the risk-free rate’ says the report.

It's been a bumper first-half for investors from the many interim dividends
announced by listed companies in the UAE. And should give them enough

incentives - and dough - to partake in the next round of IPOs.

https://gulfnews.com/business/markets/uae-stocks-clock-starts-ticking-for-next-big-ipo-before-lulu-
groups-2024-float-1.1696392425844#lniyctz34mbvduabyrq