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Saturday, December 9, 2023

“Dubai’s Salik CEO Criticizes False Claims of Investment Opportunities with Toll Gate Operator”

Toll Gate Operator  Dubai’s Salik Company CEO warns against misleading investment posts circulating on social media, urging investors to rely on official sources for accurate information.

Proliferation of Fake Investment Posts

In an interview with Khaleej Times, Salik’s CEO, Ibrahim Al Haddad, highlights the surge in deceptive social media posts promoting Salik stocks, offering tempting opportunities for investors.

Record Success and Market Performance

Salik, a publicly traded company on the Dubai Financial Market, raised Dh3.735 billion ($1.017 billion) during its initial public offering (IPO) last year, with a total demand reaching Dh184.2 billion ($50.2 billion). Salik shares have surged by approximately 60 percent since their listing.

Vigorous Trading Activity:  Toll Gate Operator 

Salik shares continue to experience active trading on the Dubai bourse, with a 1.28 percent increase in value on Tuesday, closing at Dh3.16 per share.

A Cautionary Note from the CEO: Toll Gate Operator

Al Haddad advises individuals to be vigilant, opt for legitimate investment channels, and avoid disclosing personal and financial information to fraudulent accounts. The company is taking steps to involve authorities to combat these deceptive posts.

False Claims and Misleading Consultancy Offers

Some fake posts even promise free consultancy for purchasing Salik shares. The CEO dismisses claims that motorists can evade tolls through fraudulent means and emphasizes the efficiency of the company’s toll collection system.

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