Press releases, Reports & Disclosures for Salik Company PJSC

The Board of Directors meeting for Salik Company PJSC has been postponed to Friday, November 15, 2024, at 8:00 am. Despite the postponement, the interim financial statements for the period ending September 30, 2024, will still be issued on November 13, 2024.

Salik Company (PJSC) has announced that two new toll gates, the "Business Bay Gate" and the "Al Safa South Gate," will begin operations on Sunday, November 24, 2024. This follows a disclosure by Salik's Board of Directors on August 28, 2024. For further details, individuals are encouraged to visit the Salik website.

On October 2, 2024, Ibrahim Sultan Al Haddad, Chief Executive Officer, addressed Mr. Hamed Ahmed Ali, CEO of the Dubai Financial Market, regarding inaccurate publications circulating on social media. He clarified that these publications are not accurate and urged customers and shareholders to rely only on official sources such as the Dubai Financial Market (DFM) and the SALIK website (www.salik.ae) for any official announcements or updates. Al Haddad emphasized SALIK's commitment to the disclosure and transparency guidelines set by the Securities and Commodities Authority (SCA) and DFM, ensuring that any significant information will be promptly shared with the market once confirmed and finalized.

Salik Company PJSC, Dubai's exclusive toll gate operator, announced the financial valuation of two new toll gates at Business Bay and Al Safa South, totaling AED 2,734 million. These gates, expected to be operational by the end of November 2024, will expand Salik’s toll gate network from eight to ten, aiming to enhance traffic flow and reduce congestion in alignment with RTA's transportation strategy. Salik has revised its 2024 financial guidance upwards, projecting a 7-8% increase in annual revenue-generating trips due to the new gates and favorable economic conditions in Dubai. The new gates are part of Salik's strategy to provide sustainable and smart mobility solutions.

Date: 13 August 2024 To: Mr. Hamed Ahmed Ali, Chief Executive Officer, Dubai Financial Market, Dubai, United Arab Emirates Subject: Salik Company PJSC’s Earnings Call Meeting with Analysts This letter is to inform you that Salik Company PJSC’s earnings call meeting with analysts will be held on August 28, 2024, at 03:00 PM. The meeting will discuss the financial results for the period ending June 30, 2024. The presentation will be available on the company’s website: https://www.salik.ae/en/investors/results-and-reports Yours sincerely, Ibrahim Sultan Al Haddad Chief Executive Officer