Salik Company PJSC

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

Salik Company PJSC, Dubai's exclusive toll gate operator, announced its financial results for the first half of 2024, revealing a 5.6% year-on-year increase in revenue to AED 1.1 billion and a 9.2% rise in profit before tax to AED 598.6 million. The company recorded 238.5 million revenue-generating trips, a 4.9% increase from the previous year, and saw a 14.6% rise in active registered accounts to approximately 2.5 million. Despite the new 9% UAE corporate tax, Salik maintained a net profit of AED 544.8 million for H1 2024. Consequently, the Board of Directors approved distributing 100% of the net profit as dividends to shareholders, amounting to AED 544.8 million or 7.263 Fils per share, payable on September 5, 2024. The company also plans to expand its tolling business and diversify revenue streams with new toll gates and a parking solutions partnership with Emaar Malls.

Salik Company P.J.S.C. has released its condensed interim financial statements for the three-month and six-month periods ending on June 30, 2024. These statements are unaudited.

On 07 August 2024, Ibrahim Sultan Al Haddad, the Chief Executive Officer of Salik Company PJSC, addressed a letter to Hamed Ahmed Ali, the CEO of Dubai Financial Market, regarding a forthcoming Board of Directors resolution by circulation. The meeting is scheduled for Tuesday, 13 August 2024 at 3pm, where the board will approve: 1. Condensed interim unaudited financial statements for the three and six-month periods ending 30 June 2024. 2. Distribution of interim cash dividends for the first half of the financial year 2024, as authorized by shareholders in the General Assembly Meeting held on 6 April 2023. 3. Normal business activities.

Salik Company PJSC, the exclusive toll gate operator in Dubai, has joined the United Nations Global Compact, the world's largest corporate sustainability initiative. This move aligns Salik with over 20,000 companies globally committed to upholding principles in human rights, labor, environment, and anti-corruption. The membership supports Salik's long-term vision of creating positive social and environmental impacts alongside its business activities. CEO Ibrahim Haddad emphasized the company's commitment to ethical standards and environmental responsibility, stating that the collaboration will help integrate sustainable practices and contribute to the UN's Sustainable Development Goals (SDGs). Salik is exploring innovative solutions to minimize its environmental footprint and promote social progress.