Page 104 - SALIK PR REPORT ENGLISH AUGUST 2024

8/29/24, 10:49 AM Salik completes valuation of new toll gates; revises revenue guidance - Arabian Business: Latest News on the Middle East, Real E…
Salik has the exclusive rights to construct, operate, and maintain the toll gates until the end
of June 2071, following the Concession Agreement with RTA.

Salik’s Board approved the valuation of the two new gates and the difference between the

valuation by Salik and the valuation by the RTA, did not exceed the allowed 5 percent
margin.

An agreement has been reached between Salik and the RTA regarding the payment

schedule for the gate’s valuation. Repayment plan is over six years starting November 2024.
Annual instalment has been fixed AED455.7 million ($124.1 million), to be paid equally

every six months. This will be provided from the company’s own financial resources.

Ibrahim Sultan Al Haddad, CEO of Salik, commented: “We are extremely pleased with the
progress we are making on our long-term objectives, in line with our ambition to become a

global leader in mobility solutions. We are thriving in the tolling business and remain
focused on strengthening our core business offering as we expand our footprint within

Dubai.”

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