Page 150 - SALIK PR REPORT APRIL 2024

Salik Set To Reward Shareholders With $150M Cash

Dividends For 2023

By OneArabia

Salik Company, the sole toll gate operator in Dubai, has recently made a significant announcement
at its Annual General Meeting (AGM) regarding the approval from shareholders for the distribution of
cash dividends totaling AED550 million ($150 million). This sum, equating to 7.3338 fils per share,
represents the entirety of the net profit for the latter half of the fiscal year ending December 31,
2023. Mattar Al Tayer, Chairman of Salik’s Board of Directors, shared that the total cash dividends
distributable for the fiscal year 2023 reached AED1,097,962,219 (14.6395 fils per share), mirroring
around 100% of the 2023 distributable net profit.

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During the AGM, shareholders also gave their nod to the Board of Directors’ report on Salik’s
activities and its financial outcomes for the fiscal year concluded on December 31, 2023. Al Tayer
highlighted Salik's exceptional financial performance in 2023, showcasing a robust business model
with a record total revenue of AED 2.1 billion, marking an 11.4% increase year-on-year (YoY). This
growth was primarily driven by an 11.7% YoY increase in toll usage revenue, signifying the strongest
full-year performance since Salik commenced operations in 2007.

https://www.onearabia.me/automotive/salik-announces-full-year-cash-dividends-for-2023-011-
19167.html