Page 91 - SALIK PR REPORT ENGLISH AUGUST 2024

8/30/24, 1:12 PM Salik to launch two new gates in Dubai by November, boosting revenue forecast

Salik to launch two new gates in Dubai by

November, boosting revenue forecast

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8/29/2024 8:42:58 AM

(MENAFN) Salik, the sole operator of toll gates in Dubai, is set to expand its network with the
addition of two new gates at the Business Bay and South Safa crossings, scheduled to

commence operations by the end of November. This expansion will bring the total number of
Salik's toll gates to ten. According to a disclosure made to the Dubai Stock Exchange on

Wednesday, the company's board of directors has approved the final valuation for these new
gates, totaling AED 2.734 billion (approximately USD744 million). The Business Bay Gate,
located on Al Khail Road, is valued at AED 2.265 billion, while the South Al Safa Gate on

Sheikh Zayed Road is valued at AED 469 million.

In light of this development, Salik has revised its financial projections upward for the current

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