Page 232 - SALIK PR REPORT ENGLISH AUGUST 2024

8/15/24, 9:42 AM Salik announces H1 results, approves interim dividend of Dhs544.8m
Salik registered 238.5 million revenue-generating trips in H1 2024, reflecting a 4.9 per cent

increase year-on-year.

ADVERTISING

Total revenue for the period reached Dhs1.1bn, with toll usage accounting for 87.1 per cent
of the total at Dhs953.8m, up 4.9 per cent YoY.

The company’s earnings before interest, taxes, depreciation, and amortisation (EBITDA)
rose 6.5 per cent to Dhs738.4m, and profit before tax increased by 9.2 per cent to

Dhs598.6m.

The board approved an interim dividend of Dhs544.8m, or 7.263 fils per share, to be paid

on September 5.

“We are very pleased with our performance during the first half of the year, with strong

revenue growth of 5.6 per cent year-on-year, further supporting our ambition to become a
global leader in mobility solutions,” said Al Tayer.

He noted the company’s focus on expanding its tolling business while diversifying revenue
streams, including the planned addition of two new toll gates by November 2024 and a

recent parking solutions partnership with Emaar Malls, operational since July.

Salik H1 2024: Key highlights

In Q2 2024, Salik achieved a 1.6 per cent YoY increase in revenue-generating trips,

totalling 115.7 million – the highest second-quarter figure since the company’s inception.

https://gulfbusiness.com/salik-reports-h1-2024-results-interim-dividend/ 2/3