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The establishment was located in the city's Mafraq industrial area
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UAE authority warns of fake ads offering 'Etihad Airways' shares
Investors are urged to verify a company's identity first before signing any agreements or making any financial transaction
Photo: AFP file
UAE authorities on Thursday issued an alert, warning residents against dealing with bogus investment entities.
Fake ads have been circulating on social media platforms, encouraging people to "subscribe in Etihad Airways shares", the Securities and Commodities Authority (SCA) warned.
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Do not deal with these "fictitious advertisements", the SCA and Etihad Airways told investors in an advisory.
Residents have constantly been reminded to rely only on official sources for information. Before signing any agreements or making any financial transactions, verify the entity's identity first, the SCA said in a recent notice.
Details about licensed companies are readily available on the SCA's official website, the regulator added.
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