Page 15 - SALIK PR REPORT AUGUST 2024

8/5/24, 3:38 PM UAE: Salik Denies Offering Residents 'Dh35,600 Monthly Income'
Salik’s shares, traded on the Dubai Financial Market in UAE dirhams, contradict
the fraudulent site’s dollar claims.

As of Friday, the toll gate operator’s shares closed at Dh3.380 per share, a rise of 0.595 percent.
Known for its low capital expenditure business model, Salik remains a highly sought-after share.
In a public advisory, Salik cautioned its “customers and current or potential investors to remain
vigilant against fraudulent websites, emails, and social media scams misusing the company’s
name.”
Moreover, the statement elaborated, “In recent months, there has been a rise in phishing
messages, falsely promising investment opportunities in Salik and sharing unsafe links for
recharging accounts and purchasing tags.”
Additionally, Salik advised, “not to click on suspicious links or pop-ads and to visit Salik’s official
website and communication channels for the latest security updates.”
Salik recently updated its terms and conditions for motorists and customers, instituting a
maximum fine of Dh10,000 per vehicle annually. Specifically, the new regulations state that the
maximum aggregate fines related to the Salik tolling system shall not exceed Dh10,000 per
vehicle within a calendar year, from January 1 to December 31.
The company emphasizes the importance of using its official platforms for all transactions and
updates. Furthermore, Salik’s vigilant approach aims to protect investors and customers from
falling prey to fraudulent schemes, ensuring their safety and security in all dealings. By staying
informed and cautious, individuals can safeguard themselves against these deceptive practices.
Salik remains committed to maintaining transparency and security within its operations,
reinforcing the trust of its investors and customers amidst the rising trend of online scams.

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