Latest news with #IbrahimSultanAlHaddad
Hi Dubai
19-05-2025
- Business
- Hi Dubai
Salik Achieves ISO 37001 Certification for Anti-Bribery Management System
Salik Company PJSC (Salik), the exclusive toll gate operator of the Emirate of Dubai, has achieved a major governance milestone by receiving the prestigious ISO 37001 certification for its Anti-Bribery Management System (ABMS). This global recognition underscores Salik's unwavering commitment to integrity, transparency, and ethical excellence across all its operations. The certification was awarded following a comprehensive evaluation of Salik's Anti-Bribery and Anti-Fraud framework, which is aligned with leading regulatory standards including those of the Securities and Commodities Authority (SCA), Dubai Financial Market (DFM), and UAE Companies Law (CCL). Salik's Compliance Section, owner of Anti Bribery management system within Salik, led the certification process, reinforcing the company's proactive approach to fostering a strong culture of accountability and corporate governance. Mr. Ibrahim Sultan Al Haddad, CEO of Salik, said: "Achieving ISO 37001 certification marks an important milestone in Salik's journey towards becoming a global benchmark in corporate governance and ethical business conduct. It reflects our deep commitment to operating with the highest standards of transparency and accountability, while creating sustainable value for our shareholders, stakeholders, and the broader community." ISO 37001 is the international standard for Anti-Bribery Management Systems, specifying a series of measures organisations can implement to prevent, detect, and address bribery. By meeting this standard, Salik demonstrates it has instituted best-in-class internal controls and proactive measures to mitigate corruption risks. This achievement strengthens Salik's position as a well-governed listed entity and enhances investor confidence in its ethical and transparent business practices. News Source: Salik
Dubai Eye
13-05-2025
- Business
- Dubai Eye
Salik posts robust results boosted by new toll gates, variable pricing
Dubai's toll gate operator Salik has reported strong first-quarter results for 2025, with total revenue jumping nearly 34 per cent year-on-year to AED 751.6 million. Earnings before interest, tax, depreciation, and amortisation (EBITDA) also rose sharply, up nearly 38 per cent to AED 519.6 million. The company's tolling business saw 158 million chargeable trips during the quarter, helped by the rollout of variable pricing earlier this year and the addition of two new toll gates late last year. Salik's net profit before tax came in at AED 407.2 million, a 33.6 per cent increase from the same period in 2024. Mattar Al Tayer, Chairman of Salik's Board of Directors, called the performance 'exceptional' and credited Dubai's strong economic growth and strategic leadership. He added the company expects annual revenue to grow by up to 29 per cent and plans to expand operations beyond Dubai. CEO Ibrahim Sultan Al Haddad said the company also saw encouraging results from its parking partnerships with Dubai Mall and Parkonic, which brought in AED 2.8 million in revenue in the first quarter. Salik Company announces its financial results for Q1 2025. @Salik_ae — Dubai Media Office (@DXBMediaOffice) May 13, 2025
Hi Dubai
09-05-2025
- Automotive
- Hi Dubai
Salik Partners with ENOC to Launch Seamless Smart Payment System at Fuel Stations
Salik Company PJSC has signed a new agreement with ENOC Group to introduce seamless smart payment solutions at ENOC service stations, marking a significant step in Dubai's digital transformation of mobility and retail services. The Memorandum of Understanding (MoU), signed at ENOC's head office by Salik CEO Ibrahim Sultan Al Haddad and ENOC Retail Managing Director Zaid Alqufaidi, aims to integrate Salik's e-wallet with ENOC's service offerings. This will allow customers to automatically pay for fuel and other services using their vehicle's number plate, without needing to physically interact with payment systems. Powered by Automatic Number Plate Recognition (ANPR) technology, the system links directly to a customer's Salik e-wallet. Once fully rolled out, it will be available across ENOC's extensive network of fuel stations and retail outlets. This same technology is already in use at over 25 parking locations in Dubai and is set to expand to more than 127. The collaboration aligns with both companies' strategies to enhance operational efficiency and user convenience while reducing reliance on traditional payment methods. It also supports Salik's push to grow ancillary revenues beyond toll operations. Salik CEO Ibrahim Sultan Al Haddad said the partnership underscores Salik's commitment to intelligent mobility and secure digital solutions. 'We aim to deliver advanced technologies that simplify transactions and improve efficiency,' he noted. ENOC Group CEO Saif Humaid Al Falasi added that the partnership enhances the customer journey and opens new avenues to add value and strengthen ENOC's market position. The agreement also includes joint marketing efforts, plans for phased technical integration, and potential for a deeper strategic partnership. Both companies are exploring further collaboration to extend these services across ENOC's full network, reinforcing Dubai's broader vision of a connected, smart economy. News Source: Emirates News Agency
Arabian Business
08-05-2025
- Automotive
- Arabian Business
Now pay for petrol in Dubai using Salik
Dubai motorists will soon be able to automatically pay for petrol using Salik and without having to tap cards or leave cars. Salik has announced the signing of a Memorandum of Understanding with ENOC Group to develop smart and seamless payment solutions that enhance the customer experience at ENOC service stations. Under the agreement, Salik and ENOC customers will enjoy a completely seamless experience through the introduction of integrated payment options for fuelling and other services across ENOC Group's network of service stations and retail locations, with the transaction value automatically deducting from the customer's balance in their Salik e-wallet. Salik Dubai petrol payment This is enabled through use of cameras with technology for Automatic Number Plate Recognition (ANPR). This is the same trusted technology currently in use at more than 25 parking locations — and soon expanding to over 127 locations. Seamless payments are powered by Salik's e-wallet, and already available at key destinations such as: Dubai Mall Dubai Marina Mall Souq Al Bahar Dubai Harbour Miracle Garden Marina Walk This collaboration represents a significant milestone in both companies' digital transformation journeys. It aims to streamline the customer experience, improve operational efficiency, and reduce reliance on traditional payment methods. Additionally, the initiative supports Salik's growing ancillary revenue streams. Ibrahim Sultan Al Haddad, CEO of Salik Company, said: 'Our collaboration with ENOC supports Salik's broader strategy to drive digital transformation across the transportation and services sector. By introducing innovative, secure, and seamless payment methods, we aim to enhance convenience for customers and road users. 'This partnership reinforces our commitment to delivering advanced technologies that simplify transactions, improve operational efficiency, and strengthen Salik's position as a key enabler of sustainable and intelligent mobility solutions across the emirate of Dubai.' Saif Humaid Al Falasi, Group CEO of ENOC, said, 'We are pleased to partner with Salik. This agreement represents a significant step towards enhancing the customer journey at our service stations. By leveraging Salik's innovative technology and expertise, we aim to provide a seamless and convenient payment experience for our customers, while also exploring new opportunities to add value and strengthen our market position. 'We are confident that this partnership will deliver tangible results for both parties and our valued customers.' The MoU outlines a framework for joint marketing campaigns to raise awareness of the new digital features, developed in line with the highest standards of security and data protection. Both organisations are also exploring opportunities to deepen their collaboration through a potential strategic partnership, focused on delivering greater value to their shared customer base. In addition, the agreement includes plans for joint technical integration and the phased rollout of smart payment solutions, with scope to expand Salik-powered services across the wider ENOC station network. The agreement builds on Salik's continued efforts to deliver intelligent, customer-centric mobility solutions. On January 31, the company launched its variable tolling system, a major initiative aimed at improving traffic flow and enhancing the efficiency of Dubai's wider transport infrastructure. ENOC Group, meanwhile, continues to drive progress through a sustained focus on digital innovation, operational excellence, and customer-centric services. The Group remains committed to elevating the service experience across its network, in line with its vision to support the UAE's broader transformation into a more advanced, connected, and future-ready economy.
Al Etihad
05-03-2025
- Business
- Al Etihad
Salik reports Dh2.3 billion of revenue in 2024
4 Mar 2025 14:18 DUBAI (WAM) Salik Company, Dubai's exclusive toll gate operator, on Tuesday announced its financial results for year-ended December 31, 2024. Total Revenue for the full year 2024 grew by 8.7 percent YoY to reach Dh2.3 a statement on Tuesday, the company said that EBITDA for the full year reached Dh1.6 billion, a 13.6 percent YoY net profit before taxes totalled Dh1,279.7 million in FY24, marking a strong 16.6 percent YoY increase, while it generated net profit after taxes of Dh1,164.5 million in FY24, a 6.1 percent YoY light of the strong year performance, the Board of Directors propose a dividend of Dh619.8 million to be paid during H1 2025 (equivalent to 8.2645 Fils per share).This brings total dividends for FY24 to Dh1,164.5 million, representing 100 percent of FY24's net profit and a 6.1 percent YoY increase compared to terms of operations, total revenue-generating trips recorded 498.1 million, rising by 8.0 percent YoY at the back of the launch of the two new Salik of the Board of Directors of Salik, Mattar Al Tayer, said, "Salik has reported a very strong year, with healthy revenue growth and record profitability performance.""During the past year, Salik proudly reached significant strategic milestones, having introduced two new toll gates within the core tolling business and established multiple partnerships. These strategic partnerships support our ambition to become a global leader in providing sustainable and smart mobility solutions," he added. Chief Executive Officer of Salik, Ibrahim Sultan Al Haddad, stated, "We are optimistic about the positive trends in Dubai's economy, which align with and support our growth and vision. We are pleased to revise our guidance for FY25 upwards, projecting revenue growth of 28-29 percent compared to FY24."
