Page 168 - SALIK PR REPORT ENGLISH AUGUST 2024

8/28/24, 1:14 PM Salik Unveils New Toll Gates Valued at AED 2.73 Billion
Roads and Transport Authority (RTA) conducted comprehensive traffic studies to ensure

the gates’ strategic placement supports traffic management goals.

Under its Concession Agreement with the RTA, Salik has exclusive rights to construct,

operate, and maintain these gates until June 2071.

Salik's Chairman, Mattar Al Tayer, emphasized the significance of these gates in
advancing Dubai’s transport infrastructure and enhancing travel efficiency.

CEO Ibrahim Sultan Al Haddad expressed satisfaction with the company's progress

towards its global mobility goals, noting that Salik remains committed to expanding its

footprint in Dubai’s tolling sector.

The valuation differences between Salik and the RTA were minimal, not exceeding 5%.

The average of both valuations was used to determine the final value. A six-year

repayment plan has been established, with annual instalments of AED 455.7 million,
divided into semi-annual payments of AED 227.9 million.

Salik anticipates a 7-8% increase in revenue-generating trips for 2024, compared to a

previous forecast of 4-6%. The company expects a robust EBITDA margin of 67-68%, up

from an earlier estimate of 65-66%, highlighting a positive financial outlook following the

new gate operations.

News Source: Dubai Media Office

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