Dubai toll operator Salik posts strong first-half results, upgrades full-year guidance, and declares 100 per cent profit pay-out to shareholders
dubai salik gates
Latest in dubai salik gates
dubai salik gates
Salik announces $626m revenue and 498m trips last year
Salik reveals increase to revenue, profit and toll trips last year
Abu Dhabi
Eid Al Etihad holiday announced; UAE petrol prices set to change; AED100m lottery launched; Riyadh Metro opening date – 10 things you missed this week
UAE petrol prices, Eid Al Etihad holiday dates, national lottery announced, Riyadh Metro launch and more top news stories this week
Dubai parking
Dubai announces new Salik and parking prices; variable tolls and free journeys explained
RTA announces variable road toll and parking fees in Dubai
dubai salik gates
Dubai announces opening two new Salik toll gates to ease traffic
The new toll gates will be located at Business Bay Crossing and Al Safa South on Dubai’s Sheikh Zayed Road, and will be operational from November 24, 2024
Dubai
Salik completes valuation of new toll gates; revises revenue guidance
Combined valuation of Business Bay and Al Safa South is $744.4 million; Will increase revenue-generating trips by 7-8% for 2024
Dubai roads
Salik revenue climbs 4.9% to $300m in H1
Salik reports toll revenue of $260m in the first half of 2024
Dubai roads
Dubai’s Salik revenue up 8% to $153m in Q1
Salik recorded over 122m revenue-generating trips in Dubai in Q1 2024
dubai salik gates
Dubai toll gate operator Salik reports record revenue of AED2.1bn in 2023
Salik toll usage revenue, which accounts for 87.5 percent of total revenue, increased by 11.7 percent year-on-year, reaching AED1,845 million
Dubai
UAE salary guide; ‘Visa-free’ travel to UK; Dubai holiday dates; Best real estate investments; Saudi issues Eid rule – 10 things you missed this week
UAE salary guide, UK changes travel rules for GCC countries, Dubai and Saudi Arabia Eid holiday updates, best real estate investments and more
dubai salik gates
Salik reports highest Q3 revenue in its 16 years of operations
The company reiterates its full-year financial guidance and expects revenue-generating trips to grow 9-10 per cent compared to 2022
Dubai
Dubai’s Salik announces $75m Q1 profit
Dubai records more than 113m Salik trips in the first three months of the year
Dubai
Dubai’s Salik issues fraud alert, warns against false payment, SMS scams
Messages regarding Salik payments are sent from the direct domain, which displays ‘SALIK’ as the sender, rather than a number
cash dividend
Dubai’s Salik to pay AED491.4mn in dividends
Toll-gate operator Salik reported a net profit of AED529 million for the second half of 2022
Dubai
Dubai Salik: Free toll gates, timings, cost, fines, all you need to know
Salik in Dubai is a fully automated system that uses radio-frequency identification technology to deduct toll fees from a prepaid account linked to a vehicle’s license plate
dubai salik gates
Salik IPO to benefit from Dubai’s 2040 master plan
Salik is Dubai’s third IPO of the year, and the firm is “well-positioned to benefit” from the plan
DFM
Salik raises over $1 billion from oversubscribed IPO
The company’s shares will now begin trading on the Dubai stock exchange starting September 29