Page 241 - SALIK PR REPORT ENGLISH AUGUST 2024

8/15/24, 9:43 AM SALIC reports slight decline in profits despite revenue growth, new initiatives

SALIC reports slight decline in profits despite

revenue growth, new initiatives

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8/14/2024 8:28:41 AM

(MENAFN) Salik, the exclusive toll gate operator in Dubai, reported a net profit of AED 544.8

million (approximately USD148 million) for the first half of the year, marking a slight decrease
from AED 547.9 million during the same period last year. The company's revenue for the first

half of 2024 grew by 5.6 percent compared to the previous year, reaching approximately AED
1.1 billion. This increase in revenue is attributed to a notable rise in the number of revenue-

generating trips, which coincided with the recovery of Dubai's commercial and tourism
sectors.

During the first half, Salik recorded around 238.5 million revenue-generating trips, reflecting a
4.9 percent year-on-year increase. Revenue from toll system fees, which account for 87.1

percent of total revenue, also saw a 4.9 percent rise, amounting to AED 953.8 million. The
company's board has approved interim dividends of AED 544.8 million, translating to 7.263 fils

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