
Salik Company PJSC
Pressreleases, Reports and Disclosures for Salik Company PJSC
Salik Company PJSC held its Annual General Assembly Meeting on 9 April 2026 at the One&Only One Za’abeel Hotel in Dubai and remotely via the Lumi platform. The required quorum was met, and the following resolutions were approved: the Board of Directors’ report on the company's activities and financial position for the year ending 31 December 2025; the external auditor’s report for the same period; the company’s balance sheet and profit and loss account; a cash dividend of 11.8712 fils per share totaling AED 890,341,000, with specific entitlement, ex-dividend, registry closing, and payment dates; the discharge of the Board of Directors from liability for the year ending 31 December 2025; and the Board of Directors’ remuneration for that financial year.
Salik Company PJSC has announced that its Annual General Meeting (AGM) will take place on April 9, 2026, at 12:00 PM. The meeting will be held in person at the One&Only One Za’abeel Hotel in Dubai and electronically via the Lumi platform. The agenda includes: reviewing and approving the Board's report, the external auditor's report, and the financial statements for the year ending December 31, 2025; discussing the distribution of cash dividends; considering the discharge of Board members and external auditors from liability; approving directors' remuneration and the Board Remuneration Policy; and appointing PricewaterhouseCoopers as the external auditor for 2026.
Salik Company PJSC, Dubai's exclusive toll gate operator, reported significant financial growth for FY 2025, with revenue increasing by 35.1% year-on-year to AED 3.10 billion and net profit rising by 33.4% to AED 1.55 billion. The company declared cash dividends of AED 890.3 million, which includes 100% of H2 2025 net profit, and special dividends for the year. Total chargeable trips reached 639.1 million, supported by the introduction of variable pricing and the launch of two new toll gates. EBITDA grew by 35.8% to AED 2.14 billion, with a margin of 69.2%. The company's performance was bolstered by Dubai's favorable macroeconomic environment and strategic initiatives, including expanding ancillary revenue streams and enhancing operational efficiency. Salik's strategic priorities focus on sustainable growth and strengthening shareholder value, reflecting its role in Dubai's smart mobility ecosystem.
Salik, Dubai's toll gate operator, has updated its Concession Agreement with the RTA to shift from a fixed to a variable pricing model, following Executive Council Decision Number 1 of 2025. This change introduces a dynamic inflation protection mechanism, enhancing financial transparency for investors. Previously, a fixed rate of AED 4 per trip was used, but the new model employs a blended tariff based on actual traffic data, with charges of AED 6 during peak, AED 4 during off-peak, and AED 0 past midnight, excluding discounted trips. Adjustments will be made annually based on real data and the CPI index, effective January 1st each year. The concession fee will remain between 15% and 25%, providing stability and aiding financial planning. This update aims to create a more predictable revenue model, boosting investor confidence and reflecting Salik's commitment to sustainable financial practices.