Page 112 - SALIK PR REPORT APRIL 2024

4/5/24, 9:03 AM Salik shareholders approve all of H2 2023 net profit as cash dividends - Arabian Business
Salik shareholders approve all

of H2 2023 net profit as cash

dividends

Dubai’s toll gate operator will distribute total dividend of

$150 million for second half of the year, equivalent to

7.3338 fils per share

Image: Bloomberg

Salik shareholders have approved the distribution of AED550 million ($150
million) as cash dividends, equivalent to 100 per cent of the net profit of the

second half of the fiscal year ended on 31 December 2023.

This would amount to 7.3338 fils per share and was announced at the toll gate

operator’s Annual General Meeting (AGM). It brings the total cash dividends

for the fiscal year 2023 to AED 1,09 billion (14.6395 fils per share),

representing approximately 100 per cent of distributable net profit during the

year.

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