Latest news with #tolloperator
Zawya
3 hours ago
- Business
- Zawya
Dubai's Salik Q2 2025 profit rises 50% to $109mln
Dubai's toll operator Salik posted a 50% year-on-year (YoY) surge in net profit to 400 million dirhams ($109 million) in the second quarter of 2025. The second-quarter revenue reached AED 776 million, up 46% from the same period in the prior year. For the first half of 2025, the toll operator posted a net profit of AED 771 million, a 42% YoY increase. The topline grew 40% YoY to AED 1.5 billion. The growth was driven by the introduction of two new gates in November 2024 amid an overall positive macro environment and the implementation of variable pricing, which came into effect at the end of January 2025. The second quarter marked the first full quarter of the new variable pricing system. The board has proposed a dividend payout of AED 771 million for the first half of 2025. (Editing by Brinda Darasha;
Khaleej Times
04-06-2025
- 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.
