Page 346 - SALIK ENGLISH PR REPORT NOVEMBER 2024
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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…
        profit after tax of AED 822 million ($223.83 million) during the same period, with third-
        quarter profit after tax increasing 8.8 per cent YoY to AED 277.3 million ($75.5 million).


        Salik’s solid balance sheet


        In what was the highest third-quarter performance for revenue-generating trips since

        inception, Salik earned AED 117.1 million ($31.9 million), up 5.7 per cent YoY. The total
        number of trips, including discounted trips, made through Salik’s eight toll gates, grew 4.1

        per cent YoY in the nine-month period, driven by Dubai’s continued attraction to tourists
        and commercial activities. As a result, revenue-generating trips reached AED 355.6 million

        ($96.83 million) in the nine-month period, up 5.1 per cent.



























        Jebel Ali gate witnessed strong double-digit growth (approximately 16 per cent), and other
        gates grew in the high-single-digit range, including Airport Tunnel (approximately 9 per

        cent).


        Mattar Al Tayer, Chairman of the Board of Directors of Salik, commented: “Our performance
        in the first nine months of 2024 is a testament to our robust business model and

        commitment to enhancing mobility in Dubai.


        “We made further strategic progress in the third quarter, having officially launched our
        parking partnership with Emaar to provide parking solutions at Dubai Mall, a key initiative

        to diversify our revenue base that is already contributing positively to our financial

        performance.












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