Page 33 - SALIK PR REPORT NOVEMBER 2023

11/15/23, 5:15 PM Dubai: Are new Salik gates being planned to manage increasing traffic?
Toll gates were introduced by the RTA in 2007 as part of a traffic management plan as

well as to increase new sources of revenue for the government. Eight toll gates are

installed across the city’s major corridors, especially Sheikh Zayed Road, recording 293
million trips in the first half of this year, an increase of 9.8 percent during the January-

June 2022 period. Each trip through the toll gate costs four dirhams.

“As we speak, there is of course a need for new gates

from a traffic standpoint. But the decision from a

technical perspective stays with the RTA, which studies

and raises the recommendation and then it finally goes

to the Executive Council, Dubai. Once we receive an

official confirmation and instruction, we are entitled to

operate eight existing gates and any future gates,”

said Al Haddad.

The toll gate operator launched its initial public offering (IPO) last year, recording

unprecedented interest from investors. It raised nearly Dh3.7 billion ($1 billion) while

total subscriptions reached Dh184.2 billion ($50.2 billion). Salik stocks are also in high

demand and are one of the most actively traded stocks on the Dubai Financial Market.

Trading at Dh3.16 per share on Tuesday, it is up by nearly 60 percent from its offering
price of Dh2 a share.

It reported the highest quarterly toll usage revenue in Q2 2023 since the start of

operations, recording a 13.8 percent increase in revenue year-on-year to a record

Dh455 million.

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