Page 110 - SALIK PR REPORT APRIL 2024

4/5/24, 9:02 AM Dubai’s Salik approves distribution of $149.75 million of cash dividends
Dubai’s Salik approves distribution of $149.75 million of cash dividends
The cash dividends are equivalent to 7.3338 fils per share

These dividends represent 100 percent of the net profit generated in the second half of the fiscal year that
ended on December 31, 2023. (Photo Credit: Salik)
During the Annual General Meeting (AGM), Dubai’s Salik shareholders approved the

Board of Directors’ report on the company‘s activity and its financial statements for
the fiscal year that ended on December 31, 2023. As part of this approval, the
distribution of cash dividends was also agreed upon. The cash dividends amounted to

AED550,035,000 ($149.75 million), which is equivalent to 7.3338 fils per share.
These dividends represent 100 percent of the net profit generated in the second half of
the fiscal year that ended on December 31, 2023. The AGM of Salik, the exclusive
toll gate operator in Dubai, was chaired by Mattar Al Tayer, Chairman of Salik’s

Board of Directors.
Read more: Dubai’s Salik sees net profit soar to $80.31 million in Q4 2023
Furthermore, the total value of cash dividends distributable for the fiscal year 2023

was determined to be AED 1,097,962,219. This is equivalent to 14.6395 fils per share.
Also, this amount represents approximately 100 percent of the distributable net profit
for the year 2023.
Special Resolutions

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