Parkin, a Dubai parking firm, reports a 25% revenue jump and signs major mall parking deals.

Parkin, a Dubai parking company, reported strong third-quarter financial results, with a 25% increase in revenue to AED 239.2 million and a 40% rise in EBITDA to AED 146.8 million. The company, which now manages 207,300 parking spaces, signed a 5-year deal with Majid Al Futtaim to operate barrier-free parking at three major malls in Dubai. Parkin's stock has gained over 60% this year, driven by increased parking revenues and strategic partnerships aimed at supporting Dubai's transport infrastructure.

November 12, 2024
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