Salik reveals increase to revenue, profit and toll trips last year
toll gate operator
Latest in toll gate operator
Salik
Salik upgrades revenue guidance after record third quarter
Revenue rises 5.1% for 9M 2024 and 5.7% for Q3; Revenue expected to grow 7-8 per cent with introduction of two new gates
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
Dubai Mall, Salik announce new rates for paid parking system starting July 1
The new Dubai Mall paid parking system will apply to Grand Parking, Cinema Parking, and Fashion Parking areas, while parking at Zabeel and Fountain Views will remain free
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 to manage and operate Dubai Mall parking system
The toll operator will diversify its revenue for the first time and sees a compelling opportunity to expand in the private parking market
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