Page 81 - SALIK PR REPORT ENGLISH AUGUST 2024

9/2/24, 11:57 AM Al Ramz Investment Maintains an 'Overweight' Rating on Salik, Driven by Strong Growth Expectations and it's Stable Dividend Policy
Al Ramz Investment Maintains

an ‘Overweight’ Rating on Salik,

Driven by Strong Growth

Expectations and it’s Stable

Dividend Policy

By Anusrita Ghosh Friday August 30, 2024

Salik Revises Revenue Guidance, Sees Stock Surge

The share price of Salik, Dubai’s road tolls operator, has surged almost 10%

since Wednesday after an upward revision of its revenue guidance. The firm has

upgraded its revenue growth guidance to 4-6%, which is substantially higher

compared to the previous estimate. Salik’s EBITDA margin guidance also came

in higher, revised up to 67-68% from the prior estimate of 65-66%.

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