Page 140 - SALIK PR REPORT - MARCH 2024

3/5/24, 2:06 PM Dubai’s Salik net profit soars to $80.31 million in Q4 2023
Given the impressive results, the Board of Directors has recommended distributing 100 percent
of the net profit from the second half of 2023 as dividends to shareholders, totaling AED550
million. This translates to 7.3338 fils per share. Dividends for 2023 therefore amounted to
AED1.098 billion, equivalent to 14.6395 Fils per share, with AED548 million (7.3057 Fils per
share) already distributed for the first half of 2023.
Salik’s initial public offering (IPO), a part of the Dubai government’s financial market
expansion strategy, raised Dh3.73 billion in September 2022. The offering was oversubscribed
by more than 49 times, with total gross demand reaching Dh184.2 billion across all tranches.
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