Page 169 - SALIK PR REPORT - MARCH 2024

Salik Announces Record Revenue Of AED

2.1 Billion And H2 2023 Dividends

By OneArabia

The Board of Directors of Salik Company PJSC, under the leadership of Mattar Al
Tayer, Chairman of the Board, has officially approved the financial outcomes for the
year concluding on 31st December 2023. Demonstrating a robust performance,
Salik, Dubai's sole toll gate operator, reported a significant increase in both revenue
and the number of trips made through its gates.
With a total of 461.4 million revenue-generating trips recorded in 2023, Salik
achieved an unprecedented total revenue of AED2.109 billion. This marks the
company's strongest full-year performance since its inception in 2007. The toll
usage revenue, constituting 87.5% of the total revenue, saw an 11.7% increase year-
on-year to AED1,845 million. This surge is attributed to Dubai's growing appeal as a
destination for tourism and new residents.

The fourth quarter of 2023 alone witnessed an 11.1% increase in revenue-generating
trips, amounting to 123.2 million, with toll usage revenue reaching AED493 million.
This consistent growth underscores Dubai's strategic initiatives to bolster its
economy and attract more visitors and residents.
Mattar Al Tayer highlighted the positive macroeconomic environment in the UAE and
the government's efforts to expand the economy as key factors contributing to
Salik's success. He also mentioned Salik's global aspirations and its strategy to
diversify revenue streams beyond its core tolling business.
Ibrahim Sultan Al Haddad, Chief Executive Officer of Salik, expressed optimism
about the company's progress towards becoming a global leader in mobility
solutions. He emphasized Salik's focus on strengthening its core business while

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