Latest news with #SalikPJSC
Khaleej Times
3 days ago
- General
- Khaleej Times
Eid Al Adha in UAE: Free parking, revised public transport timings; full guide
With a four-day weekend being announced across the UAE for Eid Al Adha this year, residents are flying out and planning activities with their families. Also known as the 'Festival of Sacrifice,' the holiday commemorates the act of faith and is generally a time for prayer, reflection, and generosity. Here's the latest on revised parking and public transport timings across emirates: Abu Dhabi Parking and toll fees are typically free in the capital on Sundays and official holidays. On June 4, the emirate's Integrated Transport Centre (ITC), an affiliate of the Department of Municipalities and Transport, has announced that bus services will operate according to the weekend and public holiday schedule. There are additional trips on regional and intercity routes. The Abu Dhabi Link service will continue to operate as usual, from 6am to 11pm. Meanwhile, the Abu Dhabi Express bus service will be available from 6am until midnight. Dubai Public parking will be free to use from June 5 to 8 in Dubai, the Roads and Transport Authority announced. Multi-level parking terminals will remain a paid service during the holiday. The authority also announced public transport timings for the holiday. Dubai Metro will run from 5am to 1am (next day) from Wednesday, June 4, to Saturday, June 7. Click here for more on Tram and public bus timings. Salik PJSC, Dubai's toll operator, will implement variable road toll pricing on all four days of the Eid El Adha holiday, including Sunday (June 8; third day of Eid al Adha). Sharjah Sharjah has announced free parking from June 6 to June 8 during the Eid Al Adha holiday, the Sharjah Municipality stated on June 4. This exemption does not apply to the seven-day paid public parking zones, which are operational throughout the week and official holidays, and identified by the blue parking information signs. Ajman will offer free public parking from June 5 to 8, with regular fees resuming on June 9.
Khaleej Times
5 days ago
- Business
- Khaleej Times
Eid Al Adha in Dubai: Salik to apply variable toll rates during holiday
Salik PJSC, Dubai's toll operator, will implement variable road toll pricing on all four days of the Eid El Adha holiday, including Sunday, it was confirmed on Wednesday. This means, during peak hours from 6am to 10am and between 4pm and 8pm, the tariff will be Dh6 every time a vehicle passes through any of the 10 Salik gates across Dubai. From 10am to 4pm and 8pm to 1am (off peak hours), the toll gate charge is Dh4. Salik's variable road toll pricing started on January 31 this year. On weekdays (Monday to Saturday), the toll is Dh6 during morning peak hours (6am to 10am) and evening peak hours (4pm to 8pm). For off-peak hours, between 10am and 4pm, and from 8pm to 1am, the toll is Dh4. On Sundays — excluding public holidays, special occasions, or major events — the toll is Dh4 throughout the day and free from 1am to 6am. This Sunday, June 8, is a holiday and variable toll pricing is applied.
Khaleej Times
27-05-2025
- Business
- Khaleej Times
Salik revenue soars over Dh750 million in Q1 2025 from variable rates, new toll gates, fines
The introduction of variable pricing, two new toll gates, and revenues from fines all contributed to a robust Q1 2025 performance by Salik PJSC, Dubai's exclusive toll gate operator. The company on Tuesday announced it registered Dh751.6 million total revenue from January to March this year for 33.7 per cent YoY (year on year) growth. Its net profit after taxes also surged by 33.7 per cent to Dh370.6 million in the first three months of 2025. Salik's total chargeable trips reached 158 million, following the introduction of variable pricing at the end of January 2025 and the launch of the two new toll gates in November 2024. Of this, the chargeable trips during the peak period (when the toll gate fee is Dh6) totaled 39.3 million trips, and 107.5 million during the off-peak period (Dh4). Between 1am and 6am, when Salik is free, the trips registered 11.2 million in Q1 2025. Revenue from fines increased 16.2 per cent year on year to Dh68.4 million in the first quarter. The number of net violations (accepted minus dismissed violations) grew by 15 per cent in Q1 2025, reaching around 786,000. The revenue from fines contributed 9.1 per cent to total revenue in Q1 2025. Salik also registered strong growth from its ancillary revenue streams. The total revenue from Salik's parking partnerships with Emaar Malls and Parkonic reached Dh2.8 million in Q1 2025. Revenue from tag activation fees grew 17.4 per cent to Dh11.5 million. 'Profitability is robust' 'We've entered 2025 with strong momentum, with our core tolling business continuing to thrive, bolstered by the opening of two new toll gates in late 2024,' said Salik CEO Ibrahim Sultan Al Haddad in a statement sent to Khaleej Times, adding: 'We have also maintained progress in our ancillary revenue streams, with both the Dubai Mall and Parkonic parking partnerships seeing good traction with users in the first quarter. 'Total chargeable trips, accounting for the new variable pricing, reached 158 million, with total revenue growth exceeding 30 per cent. Profitability is also robust,' Al Haddad continued, noting EBITDA (earnings before interest, taxes, depreciation, and amortisation) growth of more than 35 per cent, With a healthy first quarter, Al Haddad said the total revenue guidance for the full year remains unchanged, and is expected to grow by 28 to 29 per cent, including the contribution of the two new toll gates, 'while tapping new opportunities.' Mattar Al Tayer, chairman of the Board of Directors of Salik, added: 'Our exceptional Q1 performance reflects a continued focus on delivering long-term value to shareholders and our ambition to become a global leader in providing smart and sustainable mobility solutions. We expect total revenue to grow 28 to 29 per cent by the end of 2024 driven by the launch of operations in geographies outside of Dubai and the exploration of new partnerships to further enhance user experience and support both short and long-term earnings growth.' Salik introduced variable pricing on January 31 'aimed at enhancing traffic flow across Dubai's road networks.' The two new toll gates, Business Bay and Al Safa South, meanwhile, have been in operation since November 24, 2024. Salik has also been operating a barrier-less parking system at Dubai Mall since July 1, 2024. The toll operator also collaborated with Parkonic for a five-year contract, during which Parkonic will integrate Salik's e-wallet into the 107+ locations it operates and any future locations it may operate in the UAE. The agreement also marks the first time Salik has expanded its service offering outside of Dubai. Salik is also in the process of launching customised tags to allow corporate customers to personalise Salik tags with unique designs and messages.
