Page 17 - SALIK PR REPORT ENGLISH AUGUST 2024

A fake website with the photo of Salik's Chief Executive Officer Ibrahim Al
Haddad is doing rounds. The website states that the CEO has “just concluded 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 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.msn.com/en-ae/news/other/uae-salik-denies-fake-claims-offering-residents-
monthly-income-of-dh35-600/ar-AA1oeq0w?ocid=BingNewsSerp