Page 13 - SALIK PR REPORT ENGLISH AUGUST 2024

an agreement with the government to allow all citizens to invest in Salik
shares through its new trading platform.”
It adds: “You have a unique opportunity to generate $9,700 (approximately
Dh35,600) monthly by investing in Salik shares starting at $250
(approximately Dh917).”
The website asks individuals to submit their name, email address and UAE
mobile phone number.
Below is a picture of the fraudulent website:

Listed on the Dubai Financial Market, Salik shares are traded in UAE dirhams
and not dollars as claimed by the website. On Friday, the toll gate operator’s
shares closed at Dh3.380 per share, up 0.595 per cent. Salik is one of the most
sought-after shares as the business model requires low capital expenditures.
In a statement, Salik advised its "customers and current or potential investors
to remain cautious of fraudulent websites, emails and social media scams
that misuse the company’s name."
"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," according to the statement.
"Additionally, it is advised not to click on suspicious links or pop-ads and visit
Salik’s official website and communication channels for the latest security
updates,” the statement added.
Salik recently updated its terms and conditions for motorists and customers,
with a maximum of Dh10,000 fine per vehicle in a year.
Under the newly-released conditions, the maximum aggregate amount of
fines in relation to the Salik tolling system that may be imposed per vehicle
for violation shall not exceed Dh10,000 in any given calendar year from
January 1 to December 31, it said.

https://www.khaleejtimes.com/uae/uae-salik-denies-fake-claims-offering-residents-monthly-
income-of-dh35600