Page 371 - SALIK ENGLISH PR REPORT NOVEMBER 2024

11/14/24, 2:05 PM Dubai’s Salik reports Dh822M 9 month profit, fine revenue reaches Dh174.8M
Tag activation fees also showed strong growth, contributing 1.8% to total revenues over the nine-
month period. Revenue from these fees increased by 23.3% year-on-year to Dh30.1 million, with
Q3 alone seeing an 11.3% rise to Dh10.3 million.

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"On this basis, we are pleased to reiterate our recently upgraded guidance for FY24, expecting
revenue growth to increase by 7-8 per cent compared to FY23, particularly in view of Q4 typically

being a seasonally stronger quarter for Salik. 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
per cent in FY25, including the contribution from the two new gates,” Al Haddad also said.

The two new Salik toll gates, Business Bay gate and Al Safa South gate, will become operational
on Sunday, November 24. The Business Bay gate on Al Khail Road and Al Safa South gate on
Sheikh Zayed Road will bring Salik’s total toll gates in Dubai to ten. These new gates aim to
enhance traffic flow, particularly at Business Bay Crossing, a major route used by motorists from
Sharjah and other key areas to access Al Khail Road, one of Dubai's busiest roads.

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