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Salik Company PJSC, Dubai’s exclusive toll gate operator, reported a 12.5% increase in profit before tax for the first nine months of 2024, reaching AED 903.3 million. The company’s revenue for this period was AED 1,640.9 million, a 6.2% year-on-year increase, supported by a positive macroeconomic environment and tourism trends. Revenue-generating trips totaled 355.6 million, up 5.1% year-on-year. Net profit after tax rose 2.4% year-on-year to AED 822.0 million, despite the new 9% UAE corporate tax. Salik expects revenue-generating trips to increase by 24-25% in 2025, following the launch of two new toll gates and a parking partnership with Emaar at Dubai Mall. The company maintains its guidance for a 7-8% revenue growth in 2024, anticipating a strong fourth quarter.

Sharjah Cement and Industrial Development Co. (PJSC) and its subsidiary have released their unaudited interim condensed consolidated financial statements as of September 30, 2024.