Page 89 - SALIK PR REPORT MAY 2024

5/14/24, 10:44 AM Dubai’s Salik posts $153 million in revenues from 122.8 million trips in Q1 2024
Dubai’s Salik posts $153 million in revenues from 122.8 million trips in Q1 2024
Toll usage revenue also grew by 8.1 percent YoY to $133.67 million

Salik's growth was supported by the continued rise in tourism and residency, with Dubai remaining an attractive destination for both visitors and
new residents. (Photo Credit: Salik)
Salik Company, the exclusive toll gate operator in Dubai, recorded in the first quarter of 2024 122.8 million
revenue-generating trips, resulting in a total revenue of AED562 million ($153 million).
This represents an 8.1 percent year-over-year (YoY) increase, marking the highest number of revenue-generating
trips for a first quarter since the company’s inception.
Toll usage revenue, which accounts for 87.4 percent of the total revenue, also grew by 8.1 percent YoY to
AED491 million ($133.67 million).
This growth was supported by the continued rise in tourism and residency, with Dubai remaining an attractive
destination for both visitors and new residents.
Chairman Mattar Al Tayer expressed his satisfaction with the results, highlighting the company‘s strategic vision
and commitment to delivering long-term value to shareholders.
He also acknowledged the positive macroeconomic environment in the UAE.
For his part, CEO Ibrahim Sultan Al Haddad commented on the strategic progress made during the first quarter,
including the announcement of two new toll gates in Dubai, which are scheduled to become operational in
November of the same year.
Read more: Dubai’s Salik approves distribution of $149.75 million of cash dividends

Salik’s Chairman Mattar Al Tayer. (Supplied)

Mobility highlights

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