Page 98 - SALIK ENGLISH PR REPORT NOVEMBER 2024

11/29/24, 1:08 PM DFM-listed Salik expands reach outside Dubai in deal with Parkonic | Markets – Gulf News
“Our strategic partnership with Parkonic will facilitate advanced parking payment

solutions across approximately 135,000 spaces and 107 locations in the UAE,"

said Ibrahim Sultan Al Haddad, CEO of Salik.

"Not only will this bolster the UAE’s smart city infrastructure, enabling easy, secure and

quick access to parking services across the country, but it further accelerates the growth
of Salik’s ancillary revenues, a key component of our corporate strategy.

"This partnership further demonstrates Salik’s commitment to continue building on the
success of its parking payment solutions as a key driver of ancillary revenue growth”

On DFM, the Salik stock price is cruising along, at Dh5.6 and close enough to the 52-

week peak of Dh5.89.

Salik and insurance

Salik is becoming quite innovative in its service add-ons. It entered a partnership with
the insurer Liva whereby 'one-of-a-kind' insurance will be offered to drivers in the UAE.

What this does is streamline the renewal process for motor insurance.

This collaboration is not just about creating

better mobility solutions—it’s about
empowering communities, enhancing urban

living, and taking a part in the UAE’s

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