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.
Salik’s shares, traded on the Dubai Financial Market in UAE dirhams, contradict the fraudulent site’s dollar claims.
As of Friday, the toll gate operator’s shares closed at Dh3.380 per share, a rise of 0.595 percent. Known for its low capital expenditure business model, Salik remains a highly sought-after share.
In a public advisory, Salik cautioned its “customers and current or potential investors to remain vigilant against fraudulent websites, emails, and social media scams misusing the company’s name.”
Moreover, the statement elaborated, “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.”
Additionally, Salik advised, “not to click on suspicious links or pop-ads and to visit Salik’s official website and communication channels for the latest security updates.”
Salik recently updated its terms and conditions for motorists and customers, instituting a maximum fine of Dh10,000 per vehicle annually. Specifically, the new regulations state that the maximum aggregate fines related to the Salik tolling system shall not exceed Dh10,000 per vehicle within a calendar year, from January 1 to December 31.
The company emphasizes the importance of using its official platforms for all transactions and updates. Furthermore, Salik’s vigilant approach aims to protect investors and customers from falling prey to fraudulent schemes, ensuring their safety and security in all dealings. By staying informed and cautious, individuals can safeguard themselves against these deceptive practices.
Salik remains committed to maintaining transparency and security within its operations, reinforcing the trust of its investors and customers amidst the rising trend of online scams.
