Dubai's toll gate operator Salik has denied claims that investing in its shares can yield an estimated monthly income of Dh35,600, labeling such assertions as a scam. In a statement to Khaleej Times, the company listed on the Dubai Financial Market highlighted an increase in fraudulent claims about investment opportunities in Salik. The toll operator urged the public to obtain all information through its official channels.
A deceptive website featuring a photo of Salik's CEO, Ibrahim Al Haddad, has been circulating, falsely claiming that the CEO has signed an agreement with the government to allow citizens to invest in Salik shares via a new trading platform. The website further misleads by stating that investors can earn $9,700 (approximately Dh35,600) monthly by starting with an investment of $250 (approximately Dh917). It requests personal details such as name, email address, and UAE mobile phone number.
Salik's shares, which are traded in UAE dirhams, closed at Dh3.380 per share on Friday, marking a 0.595% increase. The company, known for its low capital expenditure business model, cautioned against fraudulent websites, emails, and social media scams that misuse its name.
Salik advised customers and potential investors to be wary of phishing messages and unsolicited links for account recharges and tag purchases. The company also updated its terms and conditions, setting a maximum fine of Dh10,000 per vehicle per year for violations related to the Salik tolling system.
