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3/5/24, 2:11 PM Salik reports record full-year revenue - HIT 96.7 - The leading Malayalam FM radio station in the UAE

SALIK REPORTS RECORD FULL-YEAR

REVENUE

News Home More from Business News Monday, 4 March 2024 15:34
By ARN News Staff

File picture
Dubai's toll gate operator Salik continued to deliver strong performance in 2023, with 461.4 million revenue-
generating trips and record total revenue of more than AED 2.1 billion.

Net profit reached AED 1.098 billion in 2023.

Toll usage revenue, which represents 87.5 per cent of the total revenue, increased 11.7 per cent year-on-year (YoY)

to AED 1.845 billion, the strongest full year performance since Salik commenced operations in 2007.

This was supported by the inflow of tourists and movement of individuals across Dubai.

The fourth quarter alone saw revenue-generating trips of 123.2 million, up 11.1 per cent YoY, also higher than the
previous quarterly record of 113.8 million recorded in the second quarter of 2023.

During Q4 2023, the Al Maktoum Bridge gate saw the number of revenue-generating trips, excluding paid taxi trips,
increase 53.6 per cent YoY, due to the ongoing closure of the nearby floating bridge and diversion of traffic through

the gate.

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