Page 130 - SALIK PR REPORT MAY 2024

5/14/24, 10:49 AM Salik Announces Record Q1 2024 Revenue Of AED 562 Million In Dubai - OneArabia
positive impact of Dubai's macroeconomic environment and GDP growth on the company's performance.

Ibrahim Sultan Al Haddad, Salik's Chief Executive Officer, also shared his enthusiasm about the company's strong start to

the year. He highlighted the over 8 percent year-on-year increase in revenue-generating trips and outlined Salik's ambition

to become a global leader in mobility solutions. Al Haddad announced plans for expanding Salik’s toll gate network with
two new gates expected to be operational by November of this year.

The report also noted a significant increase in registered active accounts, which grew by 16.5 percent year-on-year to

approximately 2.5 million from around 2.1 million in Q1 2023. The first quarter saw around 242,000 new tag activations,
marking almost a 13 percent increase from the previous year. The number of vehicles registered with Salik also rose by 9.2

percent year-on-year.

Salik continues to support community services by offering tariff exemptions to vehicles used by charities, schools, people of

determination, ambulances, and other public services. The first quarter of 2024 saw a 5.1 percent increase in free-of-

charge trips made by exempted vehicles through Salik’s eight toll gates, with the number of registered exempted vehicles
growing by 10 percent year-on-year to reach 53,819 vehicles by the end of March.

This financial report not only underscores Salik's robust performance and strategic progress but also reflects Dubai's
ongoing success in fostering an environment that supports economic expansion and enhances its appeal as a leading

global destination for tourism and residency.

https://www.onearabia.me/business/salik-dubai-q1-2024-revenue-report-011-32371.html 2/2