Page 282 - SALIK PR REPORT AUGUST 2024

8/14/24, 10:11 AM Dubai: Salik Records Dh1.1-Billion Revenue In H1 After 238 Million Vehicles Use Toll Gates
million but still up by 3.1% when compared to Q2 2023.

Salik sustained a robust net profit of Dh267.5 million for the second quarter and total of
Dh544.8 million profit for the first half of the year.

In view of the strong financial results, the company announced the distribution of interim cash

dividends amounting to Dh544.8 million, equivalent to 7.263 fils per share, payable on
September 5 this year.

Diversification and growth

Mattar Al Tayer, chairman of the Board of Directors of Salik, said:“Since the beginning of

2024, we have focused on expanding our core tolling business while diversifying our revenue
streams through new strategic initiatives. The addition of two new toll gates in Dubai
(Business Bay Crossing and Al Safa South gates) – scheduled to be operational by the end of

November 2024 – and our recent parking solutions partnership with Emaar Malls, which
became operational in July this year, underscore our commitment to diversification and

growth.”

Salik expanded its revenue stream with the barrier-free system operational at Dubai Mall
since July 1, when paid parking was implemented in Grand, Cinema, and Fashion parking

areas. The Zabeel and Fountain View parkings, meanwhile, remain free of charge for the time
being.

4.2M cars have Salik

Registered vehicles with Salik tags now stand at 4.2 million, up by 8.8 per cent as compared
to H1 2023. Registered active accounts increased 14.6 per cent YoY (year-on-year) – about

2.5 million from around 2.2 million in Q2 2023.

Salik, meanwhile, continued to offer tariff exemptions to vehicles used by charities, schools,
people of determination, ambulances, and other public services. The number of free-of-
charge trips made by exempted vehicles through Salik's eight toll gates remained relatively

stable year-on-year at around 2 million trips.

Salik's revenue-generating trips reached 115.7 million in the second quarter of 2024, up 1.6

per cent as compared to Q2 2023. Jebel Ali toll gate posted a double-digit growth (+c.10 per
cent), while Al Maktoum Bridge and Al Safa toll gates registered +c.4 per cent and +c.3 per
cent growths, respectively.

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