Salik Company PJSC

Salik Company PJSC

man in blue jacket standing beside brown wooden post

Salik's AGM Approves Dividend and Financials

Summary

Salik Company PJSC's Annual General Assembly approved the 2025 financials, including a significant dividend payout, signaling strong financial health.
Salik Company PJSC held its Annual General Assembly, approving key financial resolutions and dividends for 2025.

Salik Company PJSC, the exclusive toll gate operator in Dubai, recently held its Annual General Assembly Meeting on April 9, 2026, at the One&Only One Za’abeel Hotel, Dubai. The meeting, which was also available remotely via the Lumi platform, successfully met the required quorum and ratified several critical resolutions for the financial year ending December 31, 2025.

Among the key resolutions, shareholders approved the Board of Directors’ report on the company’s activities and financial position. The external auditor’s report and the company’s balance sheet and profit and loss account for 2025 were also endorsed. These approvals reflect Salik's robust financial performance and transparent governance.

One of the most notable resolutions was the approval of a cash dividend of 11.8712 fils per share, totaling AED 890,341,000. The dividend distribution dates are set, with the last entitlement date on April 16, 2026, and the payment date on April 27, 2026. This substantial dividend underscores Salik's commitment to returning value to its shareholders.

Furthermore, the assembly approved the discharge of the Board of Directors from liability for the financial year 2025 and sanctioned their remuneration, reinforcing confidence in the company’s leadership.

Salik operates under a 49-year concession agreement with the RTA, giving it exclusive rights to manage current and future toll gates in Dubai. This strategic position, coupled with the company’s solid financial footing, suggests a promising future.

Given Salik’s strong financial performance, strategic positioning, and commitment to shareholder value, investors might consider holding their positions or even buying more shares. The consistent dividend payouts and exclusive operational rights in Dubai provide a stable investment outlook.

Related articles

Loading...