Page 20 - SALIK PR REPORT NOVEMBER 2023

11/15/23, 5:17 PM Dubai: Salik CEO slams fake posts about investment opportunities with toll gate operator
Its shares have been trading very actively on the Dubai bourse. On Tuesday, they were up 1.28 per
cent to close the day at Dh3.16 per share. Its counter saw 7.595 million shares changing hands.

“We want to create awareness among the people to be alerted about these traps. People should
avoid them and invest through legal channels. Don’t expose your personal and financial information

to these accounts as these are fake accounts and being run from outside the country,” said Al
Haddad.

He added that they have engaged authorities to act against such fake posts. “These are not genuine
and they are after people’s money,” he added.

Some fake audio and video posts invite investors to get free consultancy also to buy Salik shares.

Salik Company chief also dismissed social media posts which suggest that motorists can cheat by
driving in the middle of the lanes and other similar practices.

“We have not just RFID technology but cameras also that read car number plates. So there is no way
to sneak around. We enjoy the efficiency of almost 100 per cent of the traffic passing through the
gate. We have a solid system in place,” he added.

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Waheed Abbas

LEGAL
MARKETS
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