Page 38 - 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
But when it comes to Salik shareholders, they are already belted up for a ride that has

seen the toll-gate operator’s stock price soar 50% just in the last 3 months. And over

80% since January.

In the first 20 minutes of DFM trading today, Salik is up 1.79% and Parkin - another

major beneficiary from the Dubai variable pricing strategy - is burning the charts with a

13.5% gain.

And just over 30 minute mark from the day's opening, Parkin's stock hit the 15% gain.

Another Dh60m-Dh110m revenue boost for Salik

Salik in a new statement said today that the new pricing model can generate an

'additional revenue between Dh60 million to Dh110 million on annual basis'. (These are

early forecasts.)

There was already heavy speculation about Salik introducing a variable fee structure for

vehicles using its toll-gates, two of which opened November 24. Some of that could be
seen in the 50% surge the stock has been feeling on DFM since September. (Salik even

https://gulfnews.com/business/markets/salik-parkin-are-uaes-best-performing-stocks---how-will-new-fees-add-to-that-1.1732854430612 2/15