Page 189 - SALIK PR REPORT - MARCH 2024

Salik revenue soars to AED2.1 bn; approves

H2 2023 dividends of 7.3 Fils per share

Story by Muhammad Aamir / Khoder Nashar

• 22h

كلاس© Provided by Emirates News Agency (WAM)

DUBAI, 4th March, 2024 (WAM) -- The Board of Directors of Salik

Company PJSC, Dubai’s exclusive toll gate operator, chaired by Mattar Al
Tayer, Chairman of the Board, have approved the Company’s financial results
for the year ended 31st December 2023.

Salik continued to deliver strong top-line performance in 2023, with 461.4
million revenue-generating trips and record total revenue of AED2.109 billion.

Toll usage revenue, which represents 87.5 percent of total revenue, increased
11.7 percent year-on-year (YoY) to AED1,845 million, the strongest full year
performance since Salik commenced operations in 2007, supported by
continued strong growth in tourism and residency, with Dubai remaining an
attractive destination both for visitors and individuals relocating to the city.

Revenue-generating trips grew strongly in the fourth quarter, up 11.1 percent
YoY to 123.2 million, with toll usage revenue reaching AED493 million in the

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dividends-of-73-fils-per-share/ar-BB1jiIP3