Page 257 - SALIK PR REPORT AUGUST 2024

8/14/24, 10:00 AM Salik will distribute AED 544.8mln interim dividend; Company’s H1 2024 revenues up 5.6% YoY

Ibrahim Sultan Al Haddad - CEO - Salik. Image Courtesy: Salik
EARNINGS
Salik will distribute AED 544.8mln interim dividend;

Company’s H1 2024 revenues up 5.6% YoY

Profit Before Tax Up 9.2%

Press Release

August 13, 2024

With supportive macroeconomic environment and positive tourism trends, Salik’s first half revenue

registered AED 1.1 billion, up 5.6% year-on-year, while the second-quarter revenue reached AED
532.7 million with an increase of 3.1% from the same period in the prior year.
238.5 million Revenue-generating trips in the first half 2024, up 4.9% year-on-year.
14.6% year-on-year increase in Active registered accounts to reach c.2.5 million, with registered

vehicles increasing by 8.8% YoY to 4.2 million.
Net Profit before tax grew by 7.8% to AED 293.9 million in the second quarter and by 9.2% to AED
598.6 million in the first half of the year. Despite the impact of the new 9% UAE corporate tax, Salik
sustained a robust net profit of AED 267.5 million for the second quarter and AED 544.8 million for

the first half of the year.
In light of the strong first-half results, the Board of Directors has approved distributing 100% of H1
2024 net profit after tax as dividends to shareholders (c. AED 544.8 million, equivalent to 7.263 Fils
per share).

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