Salik Announces Board Nominees for 2025-2028 Term
Salik Company PJSC has revealed its list of candidates for the board membership for the 2025-2028 term, showcasing a diverse and experienced pool of nominees.
Summary
Salik Company PJSC has announced its board candidates for the 2025-2028 term, reflecting strong interest and engagement from stakeholders.
Salik Company PJSC, the exclusive toll gate operator in Dubai, has released an official announcement detailing the list of candidates nominated for the board membership for the 2025-2028 term. This announcement follows the completion of the nomination period that ran from March 7 to March 17, 2025. The company, which operates under a 49-year concession agreement with the Roads and Transport Authority (RTA) of Dubai, continues to play a pivotal role in the region's transportation infrastructure.
The nomination process was conducted in accordance with the Federal Decree-Law No. (32) of 2021 and the SCA Chairman’s Decision No. (3/R.M) of 2020, along with Salik’s own Articles of Association. The Nomination and Remuneration Committee reviewed all applications, resulting in a diverse list of candidates that includes both executive and independent members. Notably, the list features prominent figures such as H.E. Mattar Mohamed Ahmed Al Tayer and Maitha Mohammad Ali Rashed Bin Adai, highlighting the depth of experience and leadership within the proposed board.
This announcement underscores Salik's commitment to engaging with its stakeholders and maintaining transparency in its operations. The significant interest from shareholders and the public in the board nominations reflects the company's influential standing in the region. As Dubai continues to expand and modernize its infrastructure, Salik's strategic role in managing toll operations is more crucial than ever.
From an investment perspective, Salik's stable position as the sole toll gate operator in Dubai provides a solid foundation. The company's long-term concession agreement with the RTA ensures a steady revenue stream, while its potential for expansion into new business activities offers growth opportunities. However, potential investors should also consider the regulatory environment and competitive landscape in the region.
Given these factors, investors might consider holding onto their Salik shares. The company's established market position and future growth prospects make it a potentially stable investment, though continuous monitoring of market conditions and regulatory changes is advised.
Source
Summary
Salik Company PJSC announced the list of candidates for its board membership for the 2025-2028 term. The nomination period was from March 7 to March 17, 2025, and the applications were reviewed by the Nomination and Remuneration Committee in compliance with relevant laws and the company's Articles of Association. The company received a significant number of applications, demonstrating strong interest from shareholders and the public. The list includes 17 candidates, with a mix of non-executive, independent, and executive nominees, featuring both male and female candidates.
