Page 327 - 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
For full year 2024, Salik is 'expecting revenue growth to increase by 7-8% compared to

FY23, particularly in view of Q4 typically being a seasonally stronger quarter'. "We also

expect this good growth momentum to continue into next year, with revenue-
generating trips expected to increase in the range of 24-25% in FY25, including the

contribution from the two new gates," said the CEO Ibrahim Sultan Al Haddad.

9-month run

Salik's toll usage fees from the first nine months of 2024 increased by 5.1% to Dh1.42

billion. "The strong growth remains supported by the inflow of tourists and increased
movement of individuals across Dubai, with third-quarter toll usage fee revenues

increasing 5.7% to Dh468.4 million."

When it comes to fines, the year-on-year gains were 7.6% to Dh174.8 million, with the

third quarter alone contributing Dh58.7 million, up 7.9%. The number of net violations
(accepted minus dismissed violations) was around 670,000.

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