Page 170 - SALIK PR REPORT - MARCH 2024

exploring new revenue-generating opportunities, including a partnership with Emaar
for barrier-free parking technology at Dubai Mall.
The total number of trips through Salik’s eight toll gates increased by 10% over the
year, with a notable 8.5% year-on-year growth in the fourth quarter. The number of
vehicles registered with Salik also saw an 8.3% increase from the previous year,
reflecting Dubai's success in attracting tourism and new residents.
Salik reported an EBITDA of AED 366 million in the fourth quarter of 2023, marking a
5.0% increase from the previous year. The full-year EBITDA reached AED 1,390
million with margins aligning with management expectations.
In response to these strong results, the Board recommended distributing 100% of H2
2023 net profit as dividends to shareholders, amounting to AED550 million. This
brings the total dividends for 2023 to AED1.098 billion, following a previous
distribution of AED548 million for H1 2023 as decided on 10th August 2023.
Salik’s record performance in 2023 not only reflects its operational excellence but
also underscores Dubai’s strategic vision to maintain its status as a premier
destination for both tourists and new residents alike.
With inputs from WAM
Story first published: Monday, March 4, 2024, 16:03 [GST]

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