Salik approves Dhs491 million in cash dividends for H2 2022 – Gulf Today

Salik approves Dhs491 million in cash dividends for H2 2022 – Gulf Today

Photo used for illustrative purpose.

Salik Company (Salik), Dubai’s exclusive toll-gate operator, has agreed to distribute cash dividends of Dhs491 million (6.5521 fils per share). This came as the company’s board concluded today its first Annual General Meeting (AGM) as a publicly listed company, headed by Mattar Al Tayer, Chairman of Salik’s Board of Directors.

The shareholders approved the Board of Directors’ report on the Company’s activity and its financial statements for the fiscal year ended on 31 December 2022.

The AGM also saw the approval of the Board of Directors’ proposal to distribute cash dividends of Dhs491,407,500 (6.5521 fils per share) which represents 100 per cent of the net profit of the second half of the fiscal year ended on 31 December 2022, after deducting a one-time statutory reserve of Dhs37.5 million, in line with Salik’s dividend policy.

Salik’s impressive financial performance in 2022 demonstrates the