Page 125 - SALIK PR REPORT OCTOBER 2024

“We wish to clarify that the publications that are being circulated on some

social media platforms are inaccurate,” the company said.

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Salik has also reaffirmed its commitment to transparency and compliance

with disclosure guidelines set by the Securities and Commodities Authority

(SCA) and the DFM, assuring that any significant announcements will be

shared with the market.

A widely circulated social media post suggested that dynamic pricing would
offer toll rates of Dh0 between 3 am and 5 am, Dh4 from 5 am to 7 am, and

Dh8 between 7 am and 10 am. According to the post, the charges would drop

to Dh6 from 10 am to 3 pm, rise back to Dh8 from 3 pm to 7 pm, then

decrease to Dh6 from 7 pm to 10 pm, and Dh4 from 10 pm to 3 am.

Salik will open two new gates in Business Bay and Al Safa South on Sheikh
Zayed Road in November of this year, bringing its total to 10 gates in the city.

The addition of these two toll locations will significantly raise Salik’s revenue

and profit prospects during 2025 and beyond.

The tollgate in Business Bay is valued at Dh2.26 billion and Al Safa South at

Dh469 million. Al Safa South will be linked with the existing Al Safa gate (‘Al
Safa North’), by which commuters will be charged only once if they pass

through the two gates within one hour in the same direction.

https://gulfnews.com/business/markets/dubais-salik-dismisses-social-media-claims-of-dynamic-
pricing-and-tariff-exemptions-1.1727860312563