Page 18 - SALIK PR REPORT NOVEMBER 2023
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11/22/23, 4:14 PM For Dubai Taxi IPO, retail investors tap banks for loans from 'Dh50,000 to millions' of dirhams | Banking – Gulf News
Dividend plan
Dubai Taxi Co. will pay its first dividend of Dh71 million (related to its performance in Q4-23) in April next. For 2024 and
thereafter, a minimum 85 per cent will be available for dividend payout.
Investors lining up for Dubai Taxi will have been keeping close tabs on how Salik - the Dubai toll-gate operator - has been
performing on the DFM. Be Salik stock has gained more than 20 per cent year-to-date, while over the last 12 months, it's
been up 32 per cent.
"Brow in the fact that Salik's dividend yield works out to 4.56 per cent, and that's good enough reason for retail investors
to make it a highly sought stock in daily trades,' said an analyst. "I think the same mindset will be there for Dubai Taxi
once it lists on DFM in December."
But for now, it's all about getting their hands on the IPO allotments - even if it's 2,000 shares. Bat's a good start in itself...
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