Road-toll operator Salik to build two new toll gates in Dubai

This is where Dubai’s new Salik gates will be located

The two gates will be located at Business Bay Crossing on Al Khail Road, and Al Safa South on Sheikh Zayed Road

Dubai Emaar Malls - parking

Dubai Mall revamps parking with Salik’s platform: Here’s how it affects you

The system is expected to be operational in Dubai Mall by the third quarter of the new year

RTA picks banks for taxi and parking IPOs-image-RTA-twitter

Dubai’s RTA selects banks for taxi and parking IPOs

The government reportedly plans to sell shares in the taxi business as soon as this year, while the parking unit’s listing is slated to follow next year

Image Courtesy: Salik Twitter

Dubai’s Salik warns investors against ‘high-return’ scams on social media

The toll operator has advised the public to exercise caution and vigilance when being targeted by such offers

salik photo WAM

Toll operator Salik reports net profit of Dhs275m for Q1 2023

The toll operator reported that revenue-generating trips reached 113.6 million, exceeding the pre-pandemic peak level thanks to the recovery of economic and tourist activity, as well as mobility

Salik approve $134m dividend

Salik shareholders approve $134m dividend

The company’s full-year revenue jumped 11.8 per cent to $517m, driven by an increase in revenue from toll usage fees

Salik full-year revenue surged

Dubai’s Salik posts 11.8 per cent surge in full-year revenue

The road-toll operator said the number of revenue-generating trips jumped 13 per cent to 413 million trips compared to 367 million in 2021

Salik Q3 2022 earnings

Dubai’s Salik reports net profit of Dhs242m for Q3 2022

Salik’s Q3 revenue increased 9.1 per cent YoY to Dhs445m, with travel activity fast approaching pre-Covid levels


Dubai’s Salik soars in trading debut after huge IPO order book

The Middle East has been one of the most active IPO markets in 2022


Dubai toll operator Salik raises over $1bn from IPO

Salik is expected to commence trading on the Dubai Financial Market on September 29

Dubai’s toll operator Salik boosts IPO size from 20% to 24.9%

The company’s starting market capitalisation is expected to be $4.1bn


Dubai seeks to raise $817m from IPO of road-toll operator

The institutional offering will end on September 21, while the book for retail buyers will close the day before

Ibrahim Sultan Al Haddad appointed as the first CEO of Salik

Dubai: Ibrahim Al Haddad appointed as first CEO of Salik

Al Haddad spent the last nine years as RTA’s commercial and investment director


Sheikh Mohammed issues law establishing Salik as public joint stock company

The Executive Council of Dubai is authorised to determine the percentage of shares that can be offered for subscription either through an IPO or private placement

Dubai road-toll operator Salik to seek about $1bn in IPO

Salik road-toll system lines up BofA, Emirates NBD, Goldman for Dubai IPO

It wasn’t clear yet what valuation Salik will seek


Moelis wins another top Dubai IPO role with Salik mandate

The toll system could add additional banks before the listing

Dubai road-toll operator Salik to seek about $1bn in IPO

Plans unveiled to list Salik road toll system on Dubai Financial Market

There are currently eight Salik toll gates in the city, with three million vehicles registered in the system

Dubai Collects Dhs2bn Via Online Payments In H1 2012

The amount collected by the Dubai government’s online payment services in the first half of 2012 increased 21 per cent year-on-year.