Page 333 - SALIK ENGLISH PR REPORT NOVEMBER 2024

Dubai’s Salik reports Dh822-

million net profit in 9 months;

revenue from fines hits Dh174.8

million

The company reported the highest third-quarter EBITDA in history generating Dh376.7 million, it
witnessed a 14 per cent YoY increase
Published: Wed 13 Nov 2024, 8:59 AM

Updated: Thu 14 Nov 2024, 10:51 AM

KT Photo: Shihab
Dubai's toll operator Salik Company PJSC has reported a profit of Dh822 million in
the past nine months of the year. The company reported the highest third-quarter
EBITDA in history. Generating Dh376.7 million, it witnessed a 14 per cent YoY
increase from Dh330.4 million in Q3 2023.
In the nine-month 2024 period, Salik reported net profit before taxes of Dh903.3
million, marking a strong 12.5 per cent increase year-on-year, with third quarter profit
before tax increasing 19.6 per cent year-on-year to Dh304.7 million.
Ibrahim Sultan Al Haddad, Chief Executive Officer of Salik, commented: “Our results
for the nine-month period ended 30 September 2024 were bolstered by strong
performance in the third quarter, with revenue-generating trips increasing 5.7 per
cent year-on-year, along with very robust profitability.
"With our inaugural parking solution at Dubai Mall now in full swing, and the
operation of the two new toll gates starting on November 24 2024, we remain
encouraged by positive trends in Dubai’s economy, which are supportive of our own
growth."

https://www.khaleejtimes.com/business/dubais-salik-reports-dh822-million-net-profit-in-9-
months-revenue-from-fines-hits-dh174-8-million