Page 324 - SALIK ENGLISH PR REPORT NOVEMBER 2024

11/14/24, 1:59 PM Dubai toll-gate operator Salik rides high with Dh822 million profit | Markets – Gulf News
The number gains will further please shareholders, who have been backing the Salik

stock strongly, with two more toll gates in Dubai all set to go live later this month. The

gates - opening November 24, which is a Sunday - will have an immediate revenue lift
for Salik, with Q1-2025 set to offer more evidence of this. These are on two of Dubai's

busiest routes - at the Business Bay Crossing on Al Khail Road and Al Safa South on

Sheikh Zayed Road.

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The revenue gain for Salik in 2025 could be in the range of 24-25%, with the new

openings playing their part.

On the 9-month run, "Despite the impact of the new 9% UAE corporate tax, Salik

sustained a robust net profit after tax of Dh822 million, up 2.4% year-on-year, and

Dh277.3 million in the third quarter, up 8.8%," said a statement.

On DFM, the Salik stock is trading at Dh5.1. It's up more than 60% so far this year.

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