Page 129 - SALIK PR REPORT MAY 2024

5/14/24, 10:49 AM Salik Announces Record Q1 2024 Revenue Of AED 562 Million In Dubai - OneArabia
Business | Published: May 13, 2024
Salik Hits Record Revenue Of AED 562 Million In First

Quarter Of 2024

By OneArabia Dubai's Salik Company PJSC, the sole toll gate operator in the city, has reported a significant

increase in its financial performance for the first quarter of 2024. Under the leadership of Mattar Al Tayer, Chairman of the

Board, Salik disclosed an impressive 122.8 million revenue-generating trips, culminating in total revenue of AED562
million. This figure represents an 8.1 percent year-on-year growth, setting a new record for Q1 revenue-generating trips

since the company's inception.

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The majority of this revenue, accounting for 87.4 percent, came from toll usage, which also saw an 8.1 percent increase

from the previous year to AED491 million. This growth is attributed to Dubai's continued appeal as a prime destination for
tourism and new residents, highlighting the city's successful efforts in maintaining its attractiveness and expanding its

economy.

Mattar Al Tayer expressed his satisfaction with these results, stating, "Salik has delivered another strong quarter at the
beginning of 2024, a continuation of the momentum from record top-line performance in 2023." He further emphasized the

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