Page 44 - SALIK PR REPORT FEBRUARY 2024

2/9/24, 12:10 PM Dubai's toll operator Salik's FY net profit drops 17% despite revenue jump

Salik listed on the Dubai Financial Market (DFM) last year, following a 20% stake sale.

Comparing profitability from one year to another may not accurately reflect the company's
performance on a like-for-like basis, due to changes in its operating structure and cost profile, Salik
said.

From July 2022, Salik has been operating as a separate legal entity from Dubai's Roads and
Transport Authority (RTA) through a 49-year concession agreement.

In January, the RTA instructed Salik to install two new toll gates on key routes in the emirate to
optimise traffic flow and reduce congestion. According to analysts this is expected to add AED120
million to the toll operator's revenue.

(Reporting by Brinda Darasha; editing by Daniel Luiz)

brinda.darasha@lseg.com

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