Page 391 - SALIK ENGLISH PR REPORT NOVEMBER 2024

Dubai’s Salik reports Dh822-million

net profit in 9 months; revenue from

fines hits Dh174.8 million

The company reported the highest third-quarter EBITDA in history generating Dh376.7 million, it
witnessed a 14 per cent YoY increase
Published: Wed 13 Nov 2024, 8:59 AM

Updated: Wed 13 Nov 2024, 9:51 AM

KT Photo: Shihab
Dubai's toll operator Salik Company PJSC has reported a profit of Dh822 million in the
third quarter of the year.
The company reported the highest third-quarter EBITDA in history. Generating Dh376.7
million, it witnessed a 14 per cent YoY increase from Dh330.4 million in Q3 2023.
In the nine-month 2024 period, Salik reported net profit before taxes of Dh903.3 million,
marking a strong 12.5 per cent increase year-on-year, with third quarter profit before tax
increasing 19.6 per cent year-on-year to Dh304.7 million.
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Ibrahim Sultan Al Haddad, Chief Executive Officer of Salik, commented: “Our results for
the nine-month period ended 30 September 2024 were bolstered by strong performance
in the third quarter, with revenue-generating trips increasing 5.7 per cent year-on-year,
along with very robust profitability. With our inaugural parking solution at Dubai Mall now

https://www.khaleejtimes.com/business/dubais-salik-reports-dh822-million-net-profit-in-9-
months-revenue-from-fines-hits-dh174-8-million