Salik Company PJSC

Salik Company PJSC

Pressreleases, Reports and Disclosures for Salik Company PJSC

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Dubai Financial Market News
News Update From Salik Company PJSC
Disclosure: Results of BOD Meeting

On 24 July 2026, Salik Company PJSC held a Board of Directors meeting at 8:30 a.m. During the meeting, the board ratified Board Resolution by Circulation No. (2) of 2026 and considered and approved ordinary business matters. The announcement was addressed to Mr. Hamed Ahmed Ali, CEO of the Dubai Financial Market, and signed by Ibrahim Sultan Al Haddad, CEO of Salik Company.

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Dubai Financial Market News
News Update From Salik Company PJSC
Disclosure: BOD meeting

Salik Company PJSC has announced that its Board of Directors will meet on Friday, July 24, 2026, at 8:30 a.m. The agenda for the meeting includes ratifying Board Resolution by Circulation No. 2 of 2026, considering matters related to the ordinary course of the company's business, and addressing any other business. The announcement is addressed to Mr. Hamed Ahmed Ali, CEO of the Dubai Financial Market.

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Dubai Financial Market News
News Update From Salik Company PJSC
Disclosure: Press release

Salik Company PJSC and Dubai Integrated Economic Zones Authority (DIEZ) have signed a Memorandum of Understanding to enhance mobility solutions across DIEZ’s free zones, including Dubai Airport Freezone, Dubai Silicon Oasis, and Dubai CommerCity. This collaboration aims to improve customer experience, reduce congestion, and address misuse of designated areas by implementing access control systems and parking optimization tools across over 21,000 parking spaces. The partnership supports Dubai's digital transformation by promoting smarter services and operational efficiency, marking a new business direction for Salik and enhancing DIEZ's infrastructure and operational capabilities.

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Dubai Financial Market News
News Update From Salik Company PJSC
Disclosure: Press release

Salik Company PJSC and Shamal Holding have signed a Memorandum of Understanding to implement seamless parking payments at the new Harbour West Car Park in Dubai Harbour, effective from July 13, 2026. The nine-storey facility will offer 845 parking spaces and aims to enhance access and connectivity to Dubai Harbour. Salik, in collaboration with Parkonic, will enable visitors to pay parking fees through their Salik accounts, eliminating the need for traditional payment methods. This integration is expected to improve traffic flow, reduce travel times, and enhance the overall visitor experience. The facility will serve Dubai Harbour and nearby areas, addressing the increasing parking demand in the region.

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Dubai Financial Market News
News Update From Salik Company PJSC
Disclosure: Press release

Salik Company PJSC, Dubai's exclusive toll gate operator, has partnered with the Community Development Authority (CDA) in Dubai to support programs for People of Determination. This initiative is part of Salik's corporate social responsibility efforts and aligns with the UAE Year of Community and the Dubai Social Agenda 33. The partnership aims to fund various projects that empower and integrate People of Determination into society. The CDA will use Salik's contributions to meet the needs of People of Determination and expand the program's reach. The partnership highlights the private sector's role in sustainable community development and social solidarity.

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Dubai Financial Market News
News Update From Salik Company PJSC
Disclosure: Press release

Moody's Ratings has reaffirmed Salik Company PJSC's investment-grade credit rating of "A3" with a stable outlook. This decision reflects Salik's low business risk profile, limited competition, and a long-term concession agreement with the RTA. The rating highlights Salik's strong financial performance, operational resilience, and effective capital market strategies. Salik benefits from consistent traffic growth due to favorable economic and demographic trends in Dubai. The company maintains a robust balance sheet, strong liquidity, and significant cash flow generation. As of September 2025, Salik's net debt/EBITDA ratio was 2.61x, well below its debt covenant, and it generated AED 1.47 billion in free cash flow for the nine-month period, marking a 39.5% increase year-over-year. CEO Ibrahim Sultan Al Haddad expressed satisfaction with the rating reaffirmation, emphasizing the company's strong financial position and strategic success. While there are no immediate plans for public debt issuance, the investment-grade rating ensures Salik's readiness to access capital markets if needed.

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Dubai Financial Market News
News Update From Salik Company PJSC
Disclosure: Press release

Fitch Ratings has upgraded Salik Company's credit rating from A- to A with a stable outlook. This upgrade is attributed to Salik's strong financial position, robust business model, and its significant connection with Dubai's economy, as well as improvements in the emirate's credit quality. Salik, the exclusive toll gate operator in Dubai, has demonstrated strong financial performance, operational resilience, and a commitment to enhancing transparency and optimizing capital market access. The upgrade also considers Salik's exclusive role in Dubai's toll system, low leverage, and long-term concession agreement with the RTA, which ensures stable cash flow. As of September 30, 2025, Salik maintained a net debt/EBITDA ratio of 2.61x, well below its debt covenant, and generated significant free cash flow. The upgrade reflects international confidence in Salik's business model and Dubai's transportation system.

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Dubai Financial Market News
News Update From Salik Company PJSC
Disclosure: Press release regarding financial results for the 3rd QTR of 2025

Salik Company PJSC, the exclusive toll gate operator in Dubai, reported a 38.6% year-on-year increase in revenue for the first nine months of 2025, reaching AED 2.28 billion. EBITDA rose by 42.0% to AED 1.58 billion, reflecting a 69.6% margin, while net profit increased by 39.1% to AED 1.14 billion, with a 50.3% margin. The company attributed its strong performance to the introduction of two new toll gates in November 2024, the implementation of variable pricing in January 2025, and a favorable macroeconomic environment. Total chargeable trips during this period reached 470.5 million. The company maintained its revenue growth guidance of 34-36% for the full year 2025, with expected EBITDA margins of 68.5-69.5%.

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Dubai Financial Market News
News Update From Salik Company PJSC
Disclosure: Financial statements for the 3rd QTR of 2025

The document is the condensed interim financial statements of Salik Company P.J.S.C. for the three-month and nine-month periods ending on September 30, 2025. These statements are unaudited.

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Dubai Financial Market News
News Update From Salik Company PJSC
Disclosure: Results of BOD Meeting
Dubai Financial Market News profile image
Dubai Financial Market News
News Update From Salik Company PJSC
Disclosure: BOD meeting

The Board of Directors of Salik Company PJSC is scheduled to meet on Thursday, 13 November 2025, at 8:00 AM. The agenda includes the approval and disclosure of the interim financial statements for the three-month and nine-month periods ended 30 September 2025, as well as a review of regular business matters.

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Dubai Financial Market News
News Update From Salik Company PJSC
Disclosure: Earnings Call

The Investor Relations Department at Salik Company PJSC will hold an analyst conference on Thursday, November 13, 2025, at 3:00 PM. The conference will discuss the interim reviewed financial statements for the three-month and nine-month periods ending September 30, 2025. The presentation will be available on the company's website on the day of the meeting. The message is addressed to Mr. Hamed Ahmed Ali, CEO of the Dubai Financial Market, and is signed by Ibrahim Sultan Al Haddad, CEO of Salik.

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