Page 237 - SALIK PR REPORT AUGUST 2024

8/15/24, 9:42 AM Dubai: Salik reports $149 million in net profit during first half of 2024 - Construction Week Online
Given these positive results, the Board of Directors approved an interim dividend of
$148.4 million (AED544.8 million), equivalent to 7.263 fils per share, to be paid on 5
September 2024.

Mattar Al Tayer, Chairman of the Board, expressed satisfaction with the company’s
performance, highlighting a 5.6% year-on-year revenue growth, which aligns with
Salik’s goal of becoming a global leader in mobility solutions. He noted that since the
beginning of 2024, the company has focused on expanding its core tolling business and
diversifying its revenue streams through strategic initiatives. These efforts include the
addition of two new toll gates in Dubai, set to be operational by November 2024, and a
new parking solutions partnership with Emaar Malls, which launched in July.

Ibrahim Sultan Al Haddad, CEO of Salik, added that the company’s strong performance
in Q2 2024 reflects the resilience of its business model and its commitment to
improving mobility in Dubai.

The increase in revenue-generating trips and active accounts during the quarter is
attributed to strategic efforts to meet the growing demand for efficient transportation.

As Dubai continues to enhance its status as a global tourism hub, attracting more
international visitors, new residents, and businesses, Salik is proud to play a key role in
making the city one of the world’s most accessible.

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