Page 303 - SALIK PR REPORT AUGUST 2024

are proud to play a pivotal role in making Dubai one of the most accessible cities
in the world.”

On toll usage fees, Salik reported that “revenue continued to increase during the
second quarter of 2024, supported by the inflow of tourists and increased
movement of individuals across Dubai. Toll usage fee revenues increased by 1.6
per cent, to Dh462.7 million.

Revenue from fines increased by 8.4 per cent or Dh57.2 million, contributing 10.7
per cent to total revenue. The number of net violations (accepted minus
dismissed violations) grew 8.5 per cent YoY in Q2 2024, reaching around 672,000.

Tag activation fees grew strongly in the second quarter, with revenue increasing
53.0 per cent YoY to Dh10 million. Tag activation fees contributed 1.9 per cent of
total revenues in the quarter.

Salik said it will revise its financial guidance and outlook for the 2024 fiscal year,
with an update to be provided to the market (later this month) following
completion of assessing the positive financial impact of the two new toll gates, as
well as the assumption that the Floating Bridge will remain closed until year-end.

The company is also looking at the impact of revenue to be generated from
collecting parking fees at Dubai Mall and the impact of the 2.5 per cent reduction
in the RTA concession fee effective from April 1, 2024.

https://www.msn.com/en-ae/news/featured/dubai-salik-records-dh11-billion-revenue-in-h1-after-
238-million-vehicles-use-toll-gates/ar-AA1oIxUH?ocid=BingNewsSerp