Category Archives: Business & Investments

Salik Reports AED 1.53 billion Revenue in H1 2025, Up 39.5% YoY; FY 2025 Guidance Upgraded

Board Proposes Dividend of AED 770.9 million (AED0.10278 per share)

EBITDA of AED 1.07 billion in H1 2025,up 44.2% YoY

Total chargeable trips reached318.4million in H1 2025

Net profit for the periodgrew41.5% YoYto AED 770.9 million

 

13August2025: Salik Company PJSC (“Salik” or the“Company”), Dubai’s exclusive toll gate operator, today announced its financial results for the three-monthand six-month periods ended June 30, 2025 (“Q2 2025” and “H1 2025”). Total revenue for H1 2025 increased 39.5% YoY to AED 1,527.3 million, supported by a 45.6% YoY increase inQ2 2025. EBITDA grew 44.2% in H1 2025 to AED 1,065.0 million with an EBITDA margin of69.7%.The solid results were driven by the two new gates introduced in November 2024 amidst an overall positive macro environment and the implementation of variable pricing which came into effect at the end of January 2025, with Q2 marking the first full quarter of the new variable pricing system. InSalik’score tolling business, total chargeable trips reached 318.4 million in H1 2025, with total chargeable tripsof160.4 million in Q2 2025, a 1.6%increase versus 158.0 million in Q1 2025. This was despite Q1 being a seasonally stronger period for Salik compared to Q2, alongside the redistribution of traffic during the Ramadan period in Q1. In view of the strongfirst half results, the Board of Directors have recommended a cash dividend of AED 770.9 million, equivalent to 10.278 fils per share, representing 100% of H1 2025 profit.

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Emaar and Aldar Fuel UAE Property Market Boom as Investor Confidence Surges in 2025

Dubai, UAE – 13 August 2025 –The UAE’s real estate sector continues its remarkable growth trajectory, with over 96,000 transactions recorded in the first half of 2025, totalling AED 322 billion (USD $87 billion). From luxury residences and waterfront villas to iconic skyscraper developments, the broader property market is benefiting from strong domestic and international demand.

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PRYPCO and Ovaluate Launch World’s First AI-Powered Instant Valuation Engine for Fractional Real Estate Investments

Dubai, UAE – 14 August 2025 – Revolutionizing real estate investment with the power of technology and fractional ownership, PRYPCO, the UAE’s pioneering PropTech platform, has partnered with Ovaluate, the world’s first and only intelligent, AI-driven Automated Valuation Model (AVM) platform, to launch the first-ever instant valuation engine for fractional real estate.

Integrated within PRYPCO Blocks, the Dubai-based real estate fractional ownership platform, regulated by the Dubai Financial Services Authority (DFSA), this pioneering innovation enables investors to access accurate, real-time valuations for both fractional and full ownership properties in 10 seconds.

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MONEY20/20 MIDDLE EAST BRINGS TOGETHER THE VOICES DRIVING FINTECH FORWARD

Global fintech regulators, visionary founders, and investment heavyweights to take the stage in Riyadh this September

Riyadh, Saudi Arabia14th August 2025 – Money20/20 Middle East, the premier platform for the fintech and financial community, hosted by the Financial Sector Development Program, Saudi Central Bank (SAMA), Capital Market Authority, Insurance Authority and co-organised by Fintech Saudi and Tahaluf, today announced its high-impact speaker lineup, bringing together the most prominent voices shaping the future of finance, policy, and technology from across the globe.

Taking place from 15–17 September 2025 at the Riyadh Exhibition and Convention Center in Malham, Money20/20 Middle East will feature more than 350 cross-industry speakers, with more than 45,000+ in attendance, 450+ global and regional exhibiting brands, and 600+ investors from more than 40 countries. Anchored around the theme “Where Money Does Business,” the agenda tackles everything from AI in finance to evolving regulation, inclusive innovation, and strategic capital.

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ADIB and Abu Dhabi Housing Authority signs an agreement to Expand Affordable Housing Finance for UAE Nationals

Strategic Collaboration aims to enhance access to housing finance solutions supported by the Government of Abu Dhabi

Abu Dhabi, UAE – 13 August 2025: Abu Dhabi Islamic Bank PJSC (ADIB), a leading Islamic financial institution in the UAE, has signed an agreement with the Abu Dhabi Housing Authority (ADHA) to provide top-up home financing solutions to UAE nationals. The partnership reflects a joint commitment to expanding affordable top up housing finance and supporting the development of sustainable communities in line with the Abu Dhabi government’s broader social objectives.

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