The company Salik, engaged in the exploitation of identification paths in Dubai, continues to improve the Emiratization program and has reached a level of 31.3% by the end of the year, which represents an improvement compared to 30.4% in the third quarter of 2024.
The overall revenue for the year is expected to increase by 28-29% compared to the previous year, including revenue from two new payment gates. It is expected that the total revenue in 2025 will be in the range of 28-29% year-on-year, including the impact of two new gates introduced in November 2024, and the implementation of a permanent pricing policy in January 2025.
As part of the partnership with Parkonic, Salik expanded its services, integrating the Salik electronic wallet system in 107 parking spaces in the UAE, and also started cooperation with Liva Group to streamline the process of extending insurance for transport vehicles.
Ibrahim Sultan Al Hadaad, General Director of Salik, noted: "Our results in 2024 were particularly bolstered by strong performance in the fourth quarter, with an increase in the number of paid trips by 8% compared to the previous year."
The company proposes dividends in the amount of 619.8 million dirhams for the first half of 2025. In 2024, net profit before tax amounted to 1,279.7 million dirhams, increasing by 16.6% year-on-year.
Salik is also working on expanding its additional revenue streams, collaborating with Emaar Malls and Parkonic for the integration of electronic payment systems and parking payment systems. The company aims for a broader diversity of revenue sources and to strengthen its market positions.
As part of its development strategy in 2025, Salik intends to actively work on improving its ecological footprint, supporting social progress, and contributing to a sustainable future for the UAE.
