Page 115 - SALIK PR REPORT MAY 2024

Salik earns over Dh6 million per

day in Q1 2024

May 13, 2024
235

During the first quarter of 2024, Salik recorded 156 million total trips. The
Dubai toll gate company also issued Dh59 million fines during Q1 2024.
Abdul Basit
Salik, the electronic toll system in Dubai, has reported a significant increase
in revenues during the first three months of 2024. The closure of the floating
bridge, coupled with a rise in traffic, contributed to Salik earning more than
Dh6 million, or $1.7 million, in revenues per day during this period.
The Board of Directors of Salik announced on Monday that the company had
achieved a record profit for the first quarter of 2024, totaling Dh562 million.
This marks an increase of over 8 per cent compared to the same period last
year.
Salik continued to deliver strong top-line performance in the first quarter of
2024, with 122.8 million revenue generating trips and total revenue of AED
562 million, increasing by 8.1% YoY which is the highest Q1 Revenue
Generating Trips Since Inception.
Toll usage revenue, which represents 87.4% of total revenue, also increased
8.1% YoY to AED 491 million, supported by continued strong growth in
tourism and residency, with Dubai remaining an attractive destination both
for visitors and new residents relocating to the city.
Commenting on the results, Mattar Al Tayer, Chairman of the Board of
Directors of Salik, said: “Salik has delivered another strong quarter at the
beginning of 2024, a continuation of the momentum from record top-line

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