Page 279 - SALIK PR REPORT ENGLISH AUGUST 2024

8/14/24, 10:11 AM Salik's H1 2024 net profit reaches AED544.8 million - Business Today Middle East
Salik’s H1 2024 net profit reaches

AED544.8 million

Staff writer

Business August 13, 2024 No Comments

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The Board of Directors of Salik Company PJSC (Salik), Dubai’s exclusive tollgate operator, chaired by Mattar
Al Tayer, Chairman of the Board, today announced the Company’s financial results for Q2 2024 and H1 2024,
generating a net profit after tax of AED544.8 million in H1 2024.

Salik delivered a very healthy financial performance in the first half of 2024, registering 238.5 million revenue-
generating trips which increased by 4.9 percent YoY to record total revenue of AED1.1 billion. Revenue from toll
usage, comprising 87.1 percent of total revenue, rose by 4.9 percent YoY to AED953.8 million. During the first
half of 2024, Salik reported EBITDA (Earnings Before Interest, Tax, Depreciation, and Amortisation) of
AED738.4 million, up 6.5 percent year-on-year, and profit before tax of AED598.6 million, up 9.2 percent year-
on-year. In view of the strong financial results, the Company’s Board of Directors approved an interim dividend
distribution of AED544.8 million, equivalent to 7.263 Fils per share, payable on 5 September 2024.

Mattar Al Tayer, Chairman of the Board of Directors of Salik, said, “We are very pleased with our performance
during the first half of the year, with strong revenue growth of 5.6 percent year-on-year, further supporting our
ambition to become a global leader in mobility solutions. Since the beginning of 2024, we have focused on

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