Page 51 - SALIK ENGLISH PR REPORT NOVEMBER 2024

12/4/24, 1:26 PM Salik, Parkin are UAE's best performing stocks - how will new fees add to that? | Markets – Gulf News

"Specific operating parameters applying to 'grand events' will also be determined by the

RTA to accommodate temporary surges in parking demand," said the Parkin statement.

During major events, a specific 'event hours' tariff will be implemented in the
surrounding areas to 'effectively manage the temporary surge in parking demand'.

Parkin says: "Special event parking zones with adjusted rates will be activated to
accommodate higher vehicle volumes. These zones will be clearly marked during the

event, with tariff information clearly displayed and accessible on the Parkin website, via

the Parkin mobile app and social media channels."

Optimising revenues

"Both Salik and Parkin could benefit long-term from modernized pricing systems and
improved revenue optimization," said Hani Abuagla Senior Market Analyst at XTB

MENA. "Salik appears better positioned for immediate gains due to its guaranteed toll

revenue structure. Parkin's success will rely heavily on consumer behavior adaptation.

"Given Salik's strong financial foundation, this new revenue stream should enhance

shareholder value, though some initial market volatility may occur during

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