Salik Secures Prestigious ISO 37301 Certification

Salik Company PJSC, the exclusive toll gate operator in Dubai, has reached a significant milestone by obtaining the ISO 37301:2021 certification for Compliance Management Systems. This achievement underscores Salik's commitment to adhering to the strict regulatory frameworks set by the Securities and Commodities Authority (SCA), the Dubai Financial Market (DFM), and the UAE’s Federal Decree-law 32/2021.

The certification is a testament to Salik's dedication to maintaining high standards of compliance and governance, which are crucial in the toll gate industry where transparency and accountability are paramount. By securing this accreditation, Salik not only strengthens its operational framework but also boosts investor confidence, positioning itself as a leader in compliance management within the UAE.

Mr. Ibrahim Sultan Al Haddad, CEO of Salik, expressed his gratitude for this achievement, emphasizing the company's commitment to efficiency, dependability, and adherence to UAE's federal laws. He highlighted the importance of conducting business transparently and responsibly, guided by Dubai's leadership vision.

Salik's operations are critical to Dubai's infrastructure, managing eight toll gates strategically located across the city, particularly on Sheikh Zayed Road. In 2023, Salik recorded 593 million journeys through its toll gates, reflecting its pivotal role in facilitating seamless mobility for residents and tourists alike.

From an investor perspective, Salik's ISO certification is a positive indicator of its robust compliance framework and operational excellence. This achievement may influence potential investors to consider Salik as a reliable and transparent investment opportunity. However, given the current market conditions and the company's long-term concession agreement with the Roads and Transport Authority (RTA), investors might consider holding their positions to observe how Salik capitalizes on this certification in the future.

In conclusion, Salik's ISO 37301:2021 certification is a significant step in reinforcing its commitment to compliance and governance. While the certification enhances its reputation and investor confidence, the recommendation is to hold the investment and monitor future developments.