Salik Company PJSC

Logotype for 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, Dubai's exclusive toll gate operator, reported a 39.5% year-on-year increase in revenue for the first half of 2025, reaching AED 1.53 billion. The company's EBITDA rose by 44.2% to AED 1.07 billion, with a margin of 69.7%. Net profit increased by 41.5% to AED 770.9 million. Total chargeable trips for H1 2025 were 318.4 million. The Board of Directors proposed a cash dividend of AED 770.9 million, equivalent to 10.278 fils per share, representing 100% of H1 2025 profit. Salik upgraded its full-year 2025 guidance, expecting revenue growth of 34-36% and EBITDA margins of 68.5-69.5%, driven by strong revenue growth and cost efficiencies. The introduction of variable pricing and two new gates contributed to the positive results. Active registered accounts increased by 8.5% year-on-year to 2.7 million.
The document is the condensed interim financial statements of Salik Company P.J.S.C. for the three-month and six-month periods ending on June 30, 2025. These statements are unaudited.
Salik has been recognized as the Fastest Growing Transportation Infrastructure Provider in the UAE for 2025 by Global Brands Magazine. This award highlights Salik's achievements in revenue growth, project expansion, and innovation in the transportation sector. The Global Brand Awards honor exceptional performance and innovation across various industries. Salik's recognition reflects its leadership and commitment to advancing transport infrastructure through innovative solutions and strategic growth. Jay Reddy, CEO of Global Brands Magazine, praised Salik for its innovative tolling solutions and commitment to sustainable mobility. Ibrahim Al Haddad, CEO of Salik, expressed pride in receiving the award, emphasizing the company's rapid growth and innovative efforts in enhancing mobility in the UAE. Salik continues to focus on delivering intelligent, customer-centric mobility solutions, contributing to the transformation of transportation infrastructure in the region. Established in June 2022, Salik is Dubai's exclusive toll gate operator, utilizing advanced technologies and holding a long-term concession agreement with the Roads and Transport Authority. Global Brands Magazine, based in the UK, is a leading publication providing insights and news on influential brands.
Salik Company PJSC, Dubai's exclusive toll gate operator, has been awarded the "3G Excellence Award for Advocacy and Commitment to Corporate Governance 2025" by the UK-based Cambridge IFA during the Global Good Governance Summit in Brunei. This award highlights Salik's dedication to corporate governance, transparency, and ethical leadership. CEO Ibrahim Al Haddad stated that the recognition reflects the company's commitment to sustainable value for shareholders and partners, with corporate governance being pivotal for business sustainability and market confidence. Salik's internal teams played a crucial role in securing this recognition by presenting their corporate governance system to the judging panel. The company aims to support Dubai's goal of becoming the world's smartest city and aligns with the UAE's future development programs.
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.
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.
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.
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%.

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News Update From Salik Company PJSC

Disclosure: Preliminary financial results for the year of 2023

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News Update From Salik Company PJSC

Disclosure: Results of BOD meeting

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News Update From Salik Company PJSC

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.

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News Update From Salik Company PJSC

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.

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News Update From Salik Company PJSC

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

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Commented on FinanceBroAEDs Transaction regarding Salik Company PJSC

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.
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News Update From Salik Company PJSC

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.

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News Update From Salik Company PJSC

Disclosure: Press release - Salik participates in DFM's Voluntary Carbon Credits Trading Pilot Program

Salik Company P.J.S.C., the toll gate operator in Dubai, has joined the Dubai Financial Market's (DFM) Voluntary Carbon Credit Trading Pilot Program. The initiative aligns with Salik's strategy to promote sustainable practices in the UAE and supports the country's goal to achieve net-zero emissions by 2050. As part of the program, Salik purchased and retired 715 units of Carbon Retirement Rights (CRRs) for the Dubai Electricity and Water Authority (DEWA) Chiller Station L project, which aims to improve gas turbine efficiency. This move helps offset Salik's carbon emissions at various operational points. The CEO of Salik, Ibrahim Sultan Al Haddad, stressed the importance of the program in raising climate change awareness and reducing emissions.

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Disclosure: Press Release - Salik and TAMM forge partnership to Drive Services’ Digital Transformation

Dubai's exclusive toll gate operator, Salik Company P.J.S.C., has signed a Memorandum of Understanding (MoU) with TAMM, Abu Dhabi's government services platform. The partnership aims to enhance services and provide digital solutions, marking a significant step for the UAE's transportation sector. As part of the agreement, Salik's solutions will be integrated into TAMM, and the 'Abu Dhabi Pay' digital payment platform will allow TAMM users to add their Salik accounts and recharge them on the platform.

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News Update From Salik Company PJSC

Disclosure: Salik Press Release regarding partnership with Careem

Dubai-based toll gate operator, Salik Company, is expanding its partnership with Careem, a leading app in the region. The partnership will allow Salik tags to be delivered directly to customers through Careem's fast grocery service, Careem Quik. In addition, the Careem Pay feature allows customers to recharge their Salik accounts via the app. Over 300,000 customers have linked their bills to Careem Pay, enabling them to automate payments for Salik recharges and other bills. The partnership aims to improve customer experience by making Salik services more easily accessible.

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