Page 183 - SALIK PR REPORT - MARCH 2024

3/5/24, 2:13 PM PRESSR: Salik reports record full-year revenues of AED 2.1bln — TradingView News
of 2022 to 40 at the end of 2023, and saw a rise in the number of nationalities represented
from 7 in December 2022 to 12 in December 2023. The Company also made strong progress on

Emiratization, attaining a level of approximately 38% by the end of 2023 versus 35% in the
first nine-months of the year.

Business Outlook

Salik expects full year 2024 revenue-generating trips to increase in the range of 4-6% YoY, a
continuation of the strong growth momentum seen in 2023, with a robust EBITDA margin in
the range of 65-66%.

The full year 2024 guidance is closely aligned with Salik’s updated corporate strategy and
long-term revenue ambitions, which will be supported by the growing contribution from new

strategic initiatives and ancillary revenue as the Company diversifies its revenue generating
capabilities.

-Ends-

About Salik Company PJSC

The Company was established in its current form, as a public joint stock company in June

2022 pursuant to Law No. (12) of 2022. “Salik”, which means “seamless mobility” in Arabic, is
Dubai’s exclusive toll gate operator and manages the Emirate of Dubai’s automatic toll gates
utilising Radio-Frequency-Identification (RFID) and Automatic-Number-Plate-Recognition

(ANPR) technologies. The Company currently operates 8 toll gates located at strategic
junctures, especially on Sheikh Zayed Road, which is considered the main road in Dubai. In

2022, 539 million journeys were recorded through Salik’s toll gates, whether for residents
commuting within the Emirate for their daily activities or for tourists visiting Dubai’s
attractions. Under a 49-year concession agreement (ending in 2071), with the Roads and

Transport Authority (RTA), Salik has the exclusive right to operate existing and any future toll
gates in Dubai.

Investor Relations

Wassim El Hayek

Head of Investor Relations

E: Wassim.Elhayek@salik.ae

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