Salik Company PJSC

Ticker/ISIN

SALIK

AEE01110S227

Market/Country

Dubai Financial Market

United Arab Emirates

About Salik Company PJSC

Salik Company PJSC have been established in its current form, as a public joint stock company on 5th of July 2022 pursuant to Executive Counsel Decision number (41) for year 2022.

Salik, meaning “open” or “clear” in Arabic, is Dubai’s exclusive toll gate operator and currently operates eight automatic toll gates utilising Radio Frequency Identification (RFID) technology throughout Dubai. Salik’s toll gates are located at strategic junctures throughout Dubai, especially on Sheikh Zayed Road which is considered Dubai’s main road. All but two of the Company’s existing toll gates are located on Sheikh Zayed Road in the Emirate. Under a 49-year concession agreement (ending in 2071) with the RTA, Salik holds the exclusive right to operate current and future toll gates across the Emirate of Dubai. Salik can also engage in new business activities within and outside Dubai as per Salik’s decree of establishment.

Company's Activities are detailed in AOA and Listing Prospectus.

Latest Pressrelease Summaries from Salik Company PJSC

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.

Disclosure: BOD meeting

13 days ago

Salik Company PJSC announced the list of candidates for its board membership for the 2025-2028 term. The nomination period was from March 7 to March 17, 2025, and the applications were reviewed by the Nomination and Remuneration Committee in compliance with relevant laws and the company's Articles of Association. The company received a significant number of applications, demonstrating strong interest from shareholders and the public. The list includes 17 candidates, with a mix of non-executive, independent, and executive nominees, featuring both male and female candidates.

Disclosure: Nominees for Board of Directors membership

a month ago

Salik Company PJSC has announced the opening of nominations for its Board of Directors. The nomination period runs from March 7 to March 17, 2025. Eligible individuals or shareholders can apply for board membership electronically. The application must include a candidate introduction, membership type, CV, identification, and various declarations and disclosures. Seven board members will be elected, and candidates must meet specific criteria, including professional experience and a clean legal record. After the nomination period, applications will be reviewed by the Nomination and Remuneration Committee and submitted to the Securities and Commodities Authority. The final list of approved candidates will be published on the Smart AGM portal and the Dubai Financial Market website before the General Assembly meeting.

Disclosure: Opens the nominations for BOD membership

2 months ago

The text is a proxy form addressed to Salik Company PJSC in Dubai, UAE, allowing a shareholder to appoint a representative to attend and vote on their behalf at an upcoming general assembly meeting on April 9, 2025. It includes fields for the shareholder's name, mobile number, and the number of shares owned. The form outlines requirements for the proxy, including the necessity for the shareholder's signature to be verified by specific authorized entities, such as a notary public or a licensed bank. It also provides contact information for further inquiries.

Disclosure: Invitation of General Assembly - proxy form

2 months ago

Salik Company PJSC invites its shareholders to attend the Annual General Assembly Meeting on April 9, 2025, at 12:00 PM, which will be held both virtually and physically at the Palazzo Versace in Dubai. The meeting will address several agenda items, including the approval of the Board of Directors' report, the auditor's report, the company's financial statements, and a proposal for cash dividends distribution totaling AED 1,164,560,713 for 2024. Other matters include discharging the Board and auditors from responsibilities, appointing external auditors for 2025, and electing Board members for the 2025-2028 term. Shareholders can register and vote electronically through www.smartagm.ae from April 2 to April 9, 2025. Proxies are allowed under certain conditions, and the meeting requires a quorum of at least 50% of the company's capital. If the quorum is not met, a second meeting will occur on April 16, 2025. Shareholders can access financial documents and governance reports on the company's and DFM's websites.

Disclosure: Invitation of General Assembly

2 months ago

Salik Company PJSC, Dubai's toll gate operator, reported financial results for FY 2024, showing an 8.7% increase in total revenue to AED 2.3 billion and a 13.6% rise in EBITDA to AED 1.6 billion. Revenue-generating trips increased by 8% to 498.1 million, supported by the launch of two new toll gates. The company declared cash dividends of AED 619.8 million for the second half of 2024. His Excellency Mattar Al Tayer, Chairman, highlighted the company's strong financial performance and strategic milestones, including partnerships aimed at expanding revenue streams and enhancing mobility solutions. CEO Ibrahim Sultan Al Haddad noted robust Q4 performance and revised guidance for FY25, projecting revenue growth of 28-29% and an EBITDA margin of 68-69%. The company's initiatives include variable pricing, new gates, and collaborations for innovative parking and insurance solutions. Net profit before tax rose by 16.6% to AED 1.3 billion, with total trips up by 7.6% to 638.2 million and active registered accounts increasing by 7.4% to 2.6 million. Despite a new 9% corporate tax, profit for the period grew by 6.1% to AED 1.2 billion. The total dividend for 2024 was AED 1,164.5 million, equivalent to 15.5275 fils per share.

Disclosure: Press release regarding financial results for the Fourth QTR of 2024

2 months ago

The Investor Relations Department at Salik Company PJSC is organizing an analyst conference on Thursday, March 6, 2025, at 3:00 PM. The purpose of the conference is to discuss the audited financial results for the fiscal year ending December 31, 2024. The presentation will be available on the company's website before the meeting. The communication is addressed to Mr. Hamed Ahmed Ali, CEO of the Dubai Financial Market, from Ibrahim Sultan Al Haddad, CEO of Salik Company PJSC.

Disclosure: Earnings Call

2 months ago

A notice has been issued regarding a Board of Directors meeting for Salik Company (PJSC), scheduled for Tuesday, March 4, 2025, at 9:00 AM. The meeting agenda includes the review and approval of the audited financial statements for the year ending December 31, 2024, the review and approval of the Corporate Governance Report for 2024, and discussions on the Annual General Assembly invitation, agenda, and meeting schedule. Other business matters that do not impact the stock price will also be considered. The notice 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.

Disclosure: BOD meeting

2 months ago

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Dubai Financial Market News

News Update From Salik Company PJSC 6 months ago

Disclosure: Postponing BOD meeting date

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.

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Dubai Financial Market News

News Update From Salik Company PJSC 6 months ago

Disclosure: Earnings Call

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Dubai Financial Market News

News Update From Salik Company PJSC 6 months ago

Disclosure: BOD meeting

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Dubai Financial Market News

News Update From Salik Company PJSC 6 months ago

Disclosure: Notification from the company

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.

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Dubai Financial Market News

News Update From Salik Company PJSC 7 months ago

Disclosure: Clarification from the company

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.

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Dubai Financial Market News

News Update From Salik Company PJSC 8 months ago

Disclosure: Press release

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.

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Dubai Financial Market News

News Update From Salik Company PJSC 8 months ago

Disclosure: Results of BOD Meeting

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Dubai Financial Market News

News Update From Salik Company PJSC 8 months ago

Disclosure: BOD meeting

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Dubai Financial Market News

News Update From Salik Company PJSC 9 months ago

Disclosure: Results of Board Decisions by Passing

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Dubai Financial Market News

News Update From Salik Company PJSC 9 months ago

Disclosure: Earnings Call

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

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