Page 146 - SALIK PR REPORT APRIL 2024

4/3/24, 11:32 AM UAE Business: Salik set to distribute $150m cash dividends for FY2023

Salik Company, Dubai’s exclusive toll gate

operator, has announced that its board has won

approval from shareholders for the distribution of

cash dividends worth AED550 million ($150

million) - equivalent to 7.3338 fils per share -

representing 100% of the net profit of the second

half of the fiscal year ended on December 31,

2023.

Announcing this at its Annual General Meeting

(AGM), Mattar Al Tayer, Chairman of Salik’s Board

of Directors, said the value of cash dividends

distributable for the fiscal year 2023 amounted to

AED1,097,962,219 (equivalent to 14.6395 fils per

share), representing approximately 100% of 2023

distributable net profit.

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