“Salik”, the exclusive operator of traffic tariff gates in Dubai, recorded a total revenue of 2.3 billion dirhams during the year 2024, with a growth of 8.7% compared to 2023, driven by the increase in traffic and the expansion of the tariff gates network.
The profits increased, before calculating the costs of financing, taxes, consumption and firefighting, to 1.6 billion dirhams, achieving a growth of 13.6%, which reflects the strong performance and continuous expansion in the company’s services, while the net profit of “Salik” reached 1.279 billion dirhams in the fiscal year 2024, recording a strong increase of 16.6% on an annual basis, while the net profit recorded after the taxes calculated 1.164 One billion dirhams during the year 2024.
The company stated, in a statement yesterday, that in light of the strong performance for the past year, the Board of Directors recommended the distribution of cash dividends of 619.8 million dirhams for shareholders for the first half of 2025, equivalent to 8,2645 money for the share, thus reaching the total profit distributions for the fiscal year 2024 to 1.164 billion dirhams, which represents 100% of the net profit for the fiscal year 2024, and an increase of a rate 6.1% on an annual basis compared to the fiscal year 2023.
On the level of operational operations, the number of revenue trips through the “Salik” gates increased to 498.1 million, an increase of 8%, which is due to the operation of the two new tariff gates.
The Chairman of the Board of Directors, Matar Al -Tayer, said that the company achieved a strong financial year, witnessed a remarkable growth in revenue, and recorded record results in profits, which reflects the success of its strategy and its strong business model.
He added that in 2024, “Salik” achieved prominent strategic achievements, the most important of which is the addition of two new tariffs, and the increase in revenue sources through a series of strategic partnerships that enhance their position as a leading partner in sustainable movement solutions. In turn, the CEO of “Salik”, Ibrahim Sultan Al -Haddad, said: “Our results for 2024 witnessed a remarkable increase driven by the strong performance in the fourth quarter of the year, with an increase in the number of revenue generations by 8% on an annual basis, which is the highest level within the aspirations of our business, and growth in the total revenue exceeded our aspirations, as it increased by 8.7% on an annual basis.”
He added, “We are optimistic about the positive economic trends that support our growth in Dubai, and accordingly, we raised the aspirations of our business recently for the fiscal year 2025, as we expect revenues to grow by between 28 and 29% compared to the fiscal year 2024.”
. 498.1 million revenue trips across the “Salik” gates last year, growing 8%.
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