Page 92 - SALIK PR REPORT MAY 2024

5/14/24, 10:45 AM Dubai road toll revenue hits $153m as tourism flourishes | AGBI

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Profit before tax was AED305 million, an increase of 11 percent year on

year.

Salik generated free cash flow of AED354 million in the first quarter.

Salik doubles dividend pay to $300m as revenue surges 12%

Toll operator Salik targets 10% revenue rise in 2023

Salik profit down 4.1% despite record toll revenue

Salik cited the increase in the number of tourists to Dubai has been cited

as one of the factors in revenue growth.

Last week the Dubai Department of Economy and Tourism announced at

the annual Arabian Travel Market that the number of visitors to the emirate

rose 11 percent to 5.2 million in the first three months of 2024.

Salik expects its full-year 2024 revenue-generating trips to increase in the

range of 4 to 6 percent year on year.

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

diversifying our portfolio through the expansion of ancillary revenue

streams,” said Mattar Al Tayer, chairman of Salik.

Al Tayer added that two new gates are expected to be operational in Dubai

by November.

https://www.agbi.com/transport/2024/05/dubai-salik-road-toll-revenue-up-as-tourism-flourishes/ 2/2