Page 14 - SALIK PR REPORT ENGLISH AUGUST 2024

8/5/24, 3:38 PM UAE: Salik Denies Offering Residents 'Dh35,600 Monthly Income'

UAE: Salik Denies Offering Residents

‘Dh35,600 Monthly Income’

AUGUST 5, 2024

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A fraudulent website has been circulating, falsely promising lucrative investment opportunities
in the Dubai-listed company Salik, exploiting the photo of its CEO to legitimize the scam.
Dubai’s toll gate operator Salik has dismissed allegations of providing an estimated “monthly
income of Dh35,600” through investments in its shares, labeling the claims as a scam.
In an official statement, UAE Salik highlighted the increase in “false promises of investment
opportunities in Salik.” The company urged customers to verify all information through its
official channels.
A counterfeit website featuring the image of UAE Salik’s Chief Executive Officer, Ibrahim Al
Haddad, claims the CEO has “just concluded an agreement with the government to allow all
citizens to invest in Salik shares through its new trading platform.”
The fraudulent site further asserts: “You have a unique opportunity to generate $9,700
(approximately Dh35,600) monthly by investing in Salik shares starting at $250 (approximately
Dh917).” It solicits personal details such as names, email addresses, and UAE mobile phone
numbers.

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