Key Takeaways Monopolistic market position and digital solution integration fuel recurring revenue growth and high margins, boosted by Dubai's rapid urbanization and smart city initiatives. Rapid scaling of ancillary services and strategic partnerships could drive group margins and revenues well above consensus as adoption accelerates beyond core toll operations.Read more
Key Takeaways Structural shifts toward shared mobility and alternative transport modes threaten traffic volumes and revenue sustainability from toll operations. Increased regulatory uncertainty, geographic concentration, and rising competition in smart mobility platforms pose significant risks to long-term earnings growth.Read more
Key Takeaways Strategic toll gate expansion and partnerships are expected to bolster revenue growth and net profit margins over time. Favorable macroeconomic trends in Dubai support increased toll usage, driving future earnings and revenue growth.Read more
Salik Company P.J.S.C. designs, constructs, operates, and maintains the toll gates in Dubai. The company offers civil, electrical, gantry design and manufacturing, system integration, testing, and commissioning services. It operates eight toll gates. The company was incorporated in 2022 and is based in Dubai, United Arab Emirates.
