Dubai’s toll gate operator, Salik, has dismissed claims of an alleged investment opportunity promising a monthly income of Dh35,600. The company has labeled these claims as fraudulent.
According to a Khaleej Times report, Salik highlighted a surge in deceptive promises regarding investment opportunities in its shares. The company urged customers to obtain information exclusively from its official channels.
A fraudulent website featuring the photo of Salik’s CEO, Ibrahim Al Haddad, falsely asserts that an agreement was made with the government to allow public investment in Salik shares via a new trading platform. The website misleadingly claims that an investment of $250 (approximately Dh917) can generate $9,700 (approximately Dh35,600) monthly. It solicits personal details, including names, email addresses, and UAE mobile phone numbers.
Contrary to the fraudulent claims, Salik shares are traded in UAE dirhams on the Dubai Financial Market. As of the latest trading session, Salik shares closed at Dh3.380 per share.
Salik warned customers and potential investors to be wary of fraudulent websites, emails, and social media scams misusing the company’s name. The company advised against clicking on suspicious links or pop-ups and recommended visiting Salik’s official website and communication channels for accurate information and security updates.
Additionally, Salik has updated its terms and conditions, capping the fines related to the tolling system at a maximum of Dh10,000 per vehicle per year. This update aims to provide clarity and fairness to motorists and customers using the Salik tolling system.