Page 348 - SALIK ENGLISH PR REPORT NOVEMBER 2024

11/14/24, 2:02 PM Salik upgrades revenue guidance after record third quarter - Arabian Business: Latest News on the Middle East, Real Estate, Fina…
Salik upgrades revenue guidance after record

third quarter

Revenue rises 5.1% for 9M 2024 and 5.7% for Q3; Revenue expected to

grow 7-8 per cent with introduction of two new gates

The gates recorded 355.6 million crossings for the first nine months

With revenue-generating trips increasing 5.1 per cent Year over Year (YoY), Salik, Dubai’s

toll gate operator, reported a 5.1 per cent increase in revenue to AED 1,640.9 million
($446.4 million) for the first nine months of the year and a 5.7 per cent increase for the

third quarter to AED 468.4 million ($127.54 million). The gates recorded 355.6 million
crossings for the first nine months.

EBITDA was up 8.9 per cent to AED 1,115 million ($303.6 million) for 9M 2024 and profit
before tax was at AED 903.3 million ($245.96 million), up 12.5 per cent. Salik generated net

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