Page 85 - SALIK PR REPORT MAY 2024

5/14/24, 10:43 AM Dubai toll-gate firm Salik clears Dh304m in Q1-2024 profit before tax | Markets – Gulf News
the new 9 per cent corporate tax in the UAE, came to Dh277.3 million.

These came through 156 million trips that passed through the 8 Salik gates between

January to end March. It was 146.9 million same time last year.

These set up Salik for an anticipated strong H2-24 as it opens up new revenue streams,

including the alliance with Emaar Malls to operate the parking payment system at The
Dubai Mall.

Of course, there is also the increase in the number of toll-gates to 10 as a a further two
key routes come under it.

“We are very pleased to have started the year strongly, with revenue-generating trips

increasing by over 8 per cent year-on-year, supporting our ambition to become a global
leader in mobility solutions," said Ibrahim Sultan Al Haddad, CEO>

"We continue to thrive in our core tolling business and remain focused on diversifying

our portfolio through the expansion of ancillary revenue streams. The first quarter

marked a period of strategic progress, having announced an expansion of our toll gate

network, which we plan to be operational by November of this year.

"This follows the diversification into parking management solutions through our

partnership with Emaar Malls, as announced at the end of 2023. Both strategic
milestones are exciting developments for our business, placing Salik in a position of

strength going forward.”

https://gulfnews.com/business/markets/dubai-toll-gate-firm-salik-clears-dh304m-in-q1-2024-profit-before-tax-1.1715581651083 2/3