Page 269 - SALIK PR REPORT ENGLISH AUGUST 2024

growing demand for efficient transportation. Dubai continues to strengthen its
position as a global tourism hub, attracting more international visitors than ever
before. The city continues to attract new residents and businesses, and we are proud
to play a pivotal role in making Dubai one of the most accessible cities in the world.”

Revenue summary

On toll usage fees, Salik reported that “revenue continued to increase during the
second quarter of 2024, supported by the inflow of tourists and increased movement
of individuals across Dubai. Toll usage fee revenues increased by 1.6 per cent, to

Dh462.7 million.
Revenue from fines increased by 8.4 per cent or Dh57.2 million, contributing 10.7 per
cent to total revenue. The number of net violations (accepted minus dismissed
violations) grew 8.5 per cent YoY in Q2 2024, reaching around 672,000.
Tag activation fees grew strongly in the second quarter, with revenue increasing 53.0

per cent YoY to Dh10 million. Tag activation fees contributed 1.9 per cent of total
revenues in the quarter.

Further outlook in 2024

Salik said it will revise its financial guidance and outlook for the 2024 fiscal year, with
an update to be provided to the market (later this month) following completion of
assessing the positive financial impact of the two new toll gates, as well as the
assumption that the Floating Bridge will remain closed until year-end.
The company is also looking at the impact of revenue to be generated from

collecting parking fees at Dubai Mall and the impact of the 2.5 per cent reduction in
the RTA concession fee effective from April 1, 2024.

https://www.khaleejtimes.com/business/dubai-salik-announces-cash-dividends-worth-dh544-8-
million