Page 159 - SALIK PR REPORT ENGLISH AUGUST 2024

8/28/24, 1:12 PM Toll operator Salik’s two new gates valued at Dhs2.73bn
Salik and RTA agreed on a six-year repayment plan for the total valuation amount of the

two new gates, starting in November 2024. The annual instalment will be Dhs455.7m, paid
in two equal instalments of Dhs227.9m each every six months.

With the launch of the new gates, the company expects to see an increase in annual
revenue-generating trips. Salik raised its revenue-generating trips guidance to 7-8 per cent

in 2024 up from previous guidance of 4-6 per cent, with a projected earnings before

interest, taxes, depreciation, and amortisation margin of 67-68 per cent.

Last December, Salik partnered with Emaar Malls to deliver a seamless and efficient
parking management system at Dubai Mall. Paid parking started at the mall on July 1, and

it is applicable at the Grand, Cinema, and Fashion Parking.

Read: Salik announces H1 results, approves interim dividend of Dhs544.8m

https://gulfbusiness.com/dubais-salik-values-two-new-gates-at-dhs2-73bn/ 3/3