Page 295 - SALIK PR REPORT AUGUST 2024

8/14/24, 10:13 AM Salik to pay AED 544.8 million dividend as revenue, profits soar - TAG91.1 - PINOY TALAGA!

SALIK TO PAY AED 544.8 MILLION

DIVIDEND AS REVENUE, PROFITS SOAR

News Home More from Business Tuesday, 13 August 2024 17:11

By ARN News Staff

File picture [for illustration]
Dubai’s exclusive toll gate operator Salik has reported strong financial results for the first half of 2024.

The company saw a total of 238.5 million revenue-generating trips, marking a 4.9 per cent year-on-year increase and
generating AED 1.1 billion in revenue.

Toll usage alone contributed 87.1 per cent of this total revenue, rising by 4.9 per cent to AED 953.8 million.

Salik's EBITDA for the period reached AED 738.4 million, up 6.5 per cent year-on-year, while profit before tax
increased by 9.2 per cent to AED 598.6 million. The company also achieved a net profit after tax of AED 544.8
million.

In light of these strong results, Salik’s Board of Directors has approved an interim dividend of AED 544.8 million,
which translates to 7.263 fils per share. The dividend will be distributed on September 5, 2024.

"We are very pleased with our performance during the first half of the year, with strong revenue growth of 5.6% year-
on-year, further supporting our ambition to become a global leader in mobility solutions," said Mattar Al Tayer,
Chairman of the Board of Directors of Salik.

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