Page 278 - SALIK PR REPORT AUGUST 2024

8/14/24, 10:10 AM Salik Achieves Strong Financial Growth in H1 2024, Plans New Toll Gates by Year-End
Salik’s EBITDA for the period reached AED 738.4 million, up 6.5% year-on-year, with a

profit before tax of AED 598.6 million, marking a 9.2% increase. The company also

reported a net profit after tax of AED 544.8 million, leading to an interim dividend

distribution of AED 544.8 million, payable on 5 September 2024.

In a strategic move to enhance its core tolling business and diversify revenue streams,

Salik announced the addition of two new toll gates in Dubai, set to be operational by

November 2024. The company also launched a barrier-free parking payment solution at

Dubai Mall in partnership with Emaar Malls, marking its entry into the ancillary revenue

sector.

Salik joined the United Nations Global Compact in July 2024, underscoring its

commitment to sustainability and ethical business practices. The company plans to revise

its financial guidance for the remainder of the year, factoring in the positive impact of the
new toll gates and ancillary revenues, along with adjustments in the RTA concession fee.

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