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Date: 13 August 2024 To: Mr. Hamed Ahmed Ali, Chief Executive Officer, Dubai Financial Market, Dubai, United Arab Emirates Subject: Salik Company PJSC’s Earnings Call Meeting with Analysts This letter is to inform you that Salik Company PJSC’s earnings call meeting with analysts will be held on August 28, 2024, at 03:00 PM. The meeting will discuss the financial results for the period ending June 30, 2024. The presentation will be available on the company’s website: https://www.salik.ae/en/investors/results-and-reports Yours sincerely, Ibrahim Sultan Al Haddad Chief Executive Officer
Salik Company PJSC, Dubai's exclusive toll gate operator, announced its financial results for the first half of 2024, revealing a 5.6% year-on-year increase in revenue to AED 1.1 billion and a 9.2% rise in profit before tax to AED 598.6 million. The company recorded 238.5 million revenue-generating trips, a 4.9% increase from the previous year, and saw a 14.6% rise in active registered accounts to approximately 2.5 million. Despite the new 9% UAE corporate tax, Salik maintained a net profit of AED 544.8 million for H1 2024. Consequently, the Board of Directors approved distributing 100% of the net profit as dividends to shareholders, amounting to AED 544.8 million or 7.263 Fils per share, payable on September 5, 2024. The company also plans to expand its tolling business and diversify revenue streams with new toll gates and a parking solutions partnership with Emaar Malls.
Salik Company P.J.S.C. has released its condensed interim financial statements for the three-month and six-month periods ending on June 30, 2024. These statements are unaudited.
The Board of Directors of Al Firdous (P.J.S.C.) held a meeting on Tuesday, 13th August 2024, at 3:00 PM. The meeting covered the following points: 1. Periodic review of the tasks and functions performed by the Board of Directors and those delegated to Senior Executive Management. 2. Review of the executive and non-executive obligations as stated in Article 11 of the Board of Directors of SCA No. 7/R for the year 2016. 3. Periodic review of the responsibilities of the Board Chairman as stipulated in Article 42 of the Board of Directors of Securities and Commodities Authority No. 7/R for the year 2016. 4. Decision not to provide any remuneration to board members or the chairman for attending board meetings or committee meetings, as these meetings occur on the same date.
Al Firdous Holdings (P.J.S.C.) and its subsidiary in Dubai, United Arab Emirates, have released their interim condensed consolidated financial statements for the three months ending June 30, 2024. These statements are accompanied by a review report and are unaudited.
1. Attached Document 2. Attached Document 3. Attached Document