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The CEO of Air Arabia, Abdelrahman Bin Taliah, has announced that a Board of Directors meeting is scheduled for 13th May 2024 at 3:00 pm. The primary agenda for the meeting will be to discuss the financial results of Q1 2024. The information was shared with Dr. Maryam Al Suwaidi, CEO of the Emirates Securities and Commodities Authority (ESCA), and Mr. Hamed Ahmed Ali, CEO of Dubai Financial Market (DFM).
Salik Company, Dubai's exclusive toll gate operator, reported Q1 2024 revenues of AED 562 million, an increase of 8.1% from the previous year. The company attributed the growth to a strong macroeconomic environment and positive tourism trends. Revenue-generating trips also increased by 8.1% to 122.8 million. The number of active registered accounts rose by 16.5% to 2.5 million, while active vehicles increased by 9.2% to 4.1 million. Net profit before tax grew by 10.7% to AED 304.7 million, while net profit after tax was AED 277.3 million, up 0.7% from the previous year, after accounting for the new 9% corporate tax in the UAE. The company also announced the addition of two new toll gates, to be operational by November 2024.