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

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.

Disclosure: Press release

a month ago

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.

Disclosure: Press release

a month ago

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.

Disclosure: Financial statements for the 1st QTR of 2025

a month ago

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%.

Disclosure: Press release regarding financial results for the First QTR of 2025

a month ago

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.

Disclosure: Earnings Call

a month ago

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.

Disclosure: BOD meeting

a month ago

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.

Disclosure: Press release

a month ago

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

2 months ago

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Dubai Financial Market News

News Update From Salik Company PJSC a year ago

Disclosure: Results of BOD meeting

1. Attached Document

Dubai Financial Market News

News Update From Salik Company PJSC a year ago

Disclosure: Earnings Call

1. Attached Document

Dubai Financial Market News

News Update From Salik Company PJSC a year ago

Disclosure: BOD meeting

1. Attached Document

DFM News

News Update From Salik Company PJSC a year ago

Disclosure: Preliminary financial results for the year of 2023

1. Attached Document

DFM News

News Update From Salik Company PJSC a year ago

Disclosure: Results of BOD meeting

1. Attached Document

DFM News

News Update From Salik Company PJSC a year ago

Disclosure: BOD meeting

On February 2, 2024, a letter was sent to Mr. Hamed Ahmed Ali, the CEO of Dubai Financial Market, from Ibrahim Sultan Al Haddad, the CEO of Salik Company PJSC. The letter informed Mr. Ali that Salik Company's Board of Directors will hold a meeting on February 8, 2024, at 8:00 am. The agenda of the meeting will include discussing the company's preliminary unaudited results for the year ended December 31, 2023, and normal business activities.

1. Attached Document

DFM News

News Update From Salik Company PJSC a year ago

Disclosure: Press Release - Salik To Build Two New Toll Gates in Dubai. To Optimise Traffic Flow, Further Contributing to Growth

Salik Company, Dubai's exclusive toll gate operator, will build two new toll gates at Business Bay Crossing and Al Safa South, increasing the total number of toll gates in the city from eight to ten. The new gates, expected to be operational by November 2024, aim to reduce traffic congestion and optimise traffic flow. According to traffic studies, the new gates could reduce traffic congestion by up to 15% on Al Khail Road, and traffic volume by up to 16% on Al Rabat Street. The addition of the new gates is part of Salik's growth plan and partnership with the Roads and Transport Authority (RTA). Salik will oversee the construction, operation, and maintenance of the toll gates and hold the exclusive right to operate them until June 2071.

1. Attached Document

DFM News

News Update From Salik Company PJSC a year ago

Disclosure: Salik To Build Two New Toll Gates in Dubai To Optimise Traffic Flow

1. Attached Document

FinDiesel

Commented on FinanceBroAEDs Transaction regarding Salik Company PJSC a year ago

Rough roads, brother. Even Salik's ride ain't smooth. But remember, it's not about how we start, it's how we finish. Keep your eyes on the prize.

DFM News

News Update From Salik Company PJSC a year ago

Disclosure: Salik Expands its Service Offering Through Emaar Malls Cooperation

Dubai's exclusive toll gate operator, Salik Company PJSC, is diversifying its revenue streams through a partnership with Emaar Malls Management LLC. The collaboration will see Salik deliver a barrier-free parking system at Dubai Mall, using automatic fee collection for ticketless parking, with fees deducted from Salik user accounts. The new system is expected to be operational by Q3 2024. Salik is also exploring options for growth in Dubai's private parking market, which boasts over 50,000 spaces. The firm's high penetration rate, with over 2 million active accounts and 4 million active vehicles, means no major customer acquisition is needed.

1. Attached Document

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