Press releases, Reports & Disclosures for Salik Company PJSC

Salik Company PJSC, the exclusive toll gate operator in Dubai, has received the ISO 37001 certification for its Anti-Bribery Management System. This certification highlights Salik's commitment to integrity and transparency in its operations. The certification process involved a thorough evaluation of Salik's anti-bribery and anti-fraud framework, which aligns with various regulatory standards. The initiative was led by Salik's Compliance Section, emphasizing the company's dedication to accountability and corporate governance. CEO Ibrahim Sultan Al Haddad stated that this certification is a significant step in Salik's commitment to ethical business conduct, aiming to create sustainable value for shareholders and stakeholders. ISO 37001 is a global standard that outlines measures to prevent and address bribery, and Salik's compliance with it enhances its reputation as a well-governed entity and boosts investor confidence.

Salik Company PJSC, Dubai's exclusive toll gate operator, has been added to the MSCI UAE Index, a key benchmark for global investors in Emerging Markets. This inclusion is expected to increase the liquidity of Salik's shares and attract more regional and global institutional investors. Salik's inclusion follows the execution of its updated strategy, which saw the launch of two new toll gates in Dubai and the introduction of dynamic pricing to boost revenue. The company is also expanding into ancillary revenue streams through partnerships in parking solutions and insurance. Salik's market capitalization and liquidity met the requirements for index inclusion, highlighting its strong financial performance. CEO Ibrahim Sultan Al Haddad expressed optimism about the opportunity for global investors and reaffirmed Salik's commitment to becoming a leader in smart and sustainable mobility solutions. The changes to the MSCI EEMEA Index will be effective June 2, 2025.

Salik Company P.J.S.C. has released its condensed interim financial statements for the three-month period ending on March 31, 2025. These statements are unaudited.

Salik Company PJSC, Dubai's exclusive toll gate operator, reported its financial results for Q1 2025, showing a 33.7% increase in total revenue year-over-year to AED 751.6 million. EBITDA rose 37.9% to AED 519.6 million, with a margin of 69.1%. Net profit increased by 33.7% to AED 370.6 million, with a stable margin of 49.3%. The total number of chargeable trips reached 158 million, supported by variable pricing and the launch of two new toll gates. Active registered accounts grew by 7.3% to 2.64 million. Salik's management expressed optimism for continued growth, maintaining their full-year guidance of 28-29% revenue growth and an EBITDA margin of 68-69%.

Salik PJSC will hold an analyst conference on Tuesday, May 13, 2025, at 12:00 PM to discuss its interim condensed (reviewed unaudited) financial statements for the period ending March 31, 2025. The presentation will be available on the company's website on the day of the meeting. The announcement is addressed to Mr. Hamed Ahmed Ali, CEO of the Dubai Financial Market, from Ibrahim Sultan Al Haddad, CEO of Salik PJSC.

The Board of Directors of Salik Company PJSC is scheduled to hold a meeting on Tuesday, May 13, 2025, at 8:00 AM. The agenda includes reviewing and approving the interim condensed financial statements for the period ending March 31, 2025, establishing an investment committee, and discussing other regular business matters. The announcement is addressed to Mr. Hamed Ahmed Ali, CEO of the Dubai Financial Market, and is signed by Ibrahim Sultan Al Haddad, CEO of Salik Company.

Salik Company PJSC, Dubai's exclusive toll gate operator, has signed a Memorandum of Understanding with ENOC Group to develop smart payment solutions at ENOC service stations. This partnership aims to enhance customer experience by integrating seamless payment options for fuel and services, using Automatic Number Plate Recognition technology. The payments will be deducted from the customer's Salik e-wallet. This collaboration is part of both companies' digital transformation efforts, aiming to improve operational efficiency and reduce reliance on traditional payment methods. The initiative also supports Salik's ancillary revenue growth.

On April 21, 2025, a letter was addressed to Mr. Hamed Ahmed Ali, the CEO of the Dubai Financial Market, from Ibrahim Sultan Al Haddad, the CEO of Salik Company PJSC. The letter announced that the Board of Directors of Salik Company is scheduled to meet on Friday, April 25, 2025, at 8:00 AM. The agenda for the meeting includes the election of the Chairman and Vice-Chairman of the Board, the formation of the Audit Committee and the Nomination and Remuneration Committee, and the discussion of other regular business matters.