Salik Company PJSC Addresses Inaccurate Social Media Reports
Salik Company PJSC has recently issued a press release to address inaccurate publications circulating on social media platforms.
Summary
Salik Company PJSC clarifies inaccuracies in social media reports, urging stakeholders to rely on official sources for accurate information.
On October 2, 2024, Salik Company PJSC, Dubai's exclusive toll gate operator, issued a press release to address inaccuracies circulating on social media platforms. The company emphasized its commitment to transparency and disclosure guidelines set by the Securities and Commodities Authority (SCA) and the Dubai Financial Market (DFM).
In the press release, Salik urged customers and shareholders to refer exclusively to official sources such as the Dubai Financial Market (DFM) and the company's website (www.salik.ae) for any official announcements or updates. The company highlighted that it remains fully committed to promptly sharing any significant information with the market once confirmed and finalized.
Salik's proactive approach in addressing these inaccuracies reflects its dedication to maintaining investor confidence and ensuring that stakeholders have access to reliable and accurate information. This move is crucial, especially for a company that operates under a 49-year concession agreement with the RTA, giving it the exclusive right to operate toll gates across Dubai.
Given the company's swift response to misinformation and its adherence to regulatory guidelines, investors might consider holding their positions in Salik. The company's commitment to transparency and its strategic role in Dubai's infrastructure make it a stable investment, albeit with the usual market risks.
In conclusion, Salik Company PJSC's recent press release serves as a reminder of the importance of relying on official sources for accurate information. Investors are advised to stay informed through verified channels to make well-informed decisions.
Source
Summary
On October 2, 2024, Ibrahim Sultan Al Haddad, Chief Executive Officer, addressed Mr. Hamed Ahmed Ali, CEO of the Dubai Financial Market, regarding inaccurate publications circulating on social media. He clarified that these publications are not accurate and urged customers and shareholders to rely only on official sources such as the Dubai Financial Market (DFM) and the SALIK website (www.salik.ae) for any official announcements or updates. Al Haddad emphasized SALIK's commitment to the disclosure and transparency guidelines set by the Securities and Commodities Authority (SCA) and DFM, ensuring that any significant information will be promptly shared with the market once confirmed and finalized.
