
Dubai Taxi Company PJSC
Pressreleases, Reports and Disclosures for Dubai Taxi Company PJSC
The Dubai Financial Market's Chief Executive Officer, Mr. Hamed Ahmed Ali, has been notified that the Board of Directors of Dubai Taxi Company P.J.S.C. will issue a resolution by circulation on May 13, 2026. This resolution will address certain strategic matters and major projects of the company, which will be approved if deemed appropriate. The notification was sent by Vicken Khochafian, the Group Board Secretary and Governance Director, with a copy to the Capital Market Authority.
Dubai Taxi Company PJSC (DTC) reported its financial results for Q1 2026, highlighting a 16% increase in its operational fleet by 1,545 vehicles, supporting capacity growth. In January and February, revenue grew by 10% and EBITDA by 17% year-on-year. However, March saw a decline due to regional uncertainty, with revenue decreasing by 6% and EBITDA by 22% year-on-year. Despite this, DTC continues to execute its five-year strategic plan, expanding e-hailing capacity and launching autonomous ride-hailing services in Dubai with Baidu's Apollo Go. The company also acquired 600 new taxi plates, increasing its market share to 47%. A final cash dividend of AED 142.0 million for H2 2025 was approved, contributing to a 7.5% increase in total dividends for FY 2025 compared to FY 2024. DTC remains confident in Dubai's long-term economic fundamentals, which support demand in the mobility sector.
The document is a review report and condensed interim consolidated financial information for Dubai Taxi Company P.J.S.C., covering the three-month period ending on March 31, 2026.
On May 7, 2026, the Board of Directors of Dubai Taxi Company P.J.S.C. held a meeting at the company's headquarters at 3:00 pm, achieving quorum. During the meeting, the board approved the consolidated financial statements for the first quarter of the fiscal year 2026 and reviewed strategic matters and major projects of the company. The communication was addressed to Mr. Hamed Ahmed Ali, CEO of the Dubai Financial Market, and was signed by Vicken Khochafian, the Group Board Secretary and Governance Director. A copy was also sent to the Capital Market Authority.
The earnings call for Dubai Taxi Company PJSC, initially scheduled for today, has been postponed due to the delay in the Board of Directors meeting. The new date for the earnings call is set for Friday, May 8, 2026, at 11:00 AM, and will cover the financial results for the first quarter of 2026. The presentation will be available on the company's website prior to the meeting. The communication is from Nader Ibrahim Mugbil, Head of Investor Relations, and a copy has been sent to the Securities and Commodities Authority.
The text is a notification addressed to Mr. Hamed Ahmed Ali, the CEO of Dubai Financial Market, informing him about the postponement of a Board of Directors meeting for the Dubai Taxi Company. The meeting, originally scheduled for Tuesday, May 5, 2026, has been rescheduled to Thursday, May 7, 2026, at 3:00 pm at the company's headquarters due to unforeseen circumstances. The agenda for the meeting remains unchanged. The notification is signed by Vicken Khochafian, the Group Board Secretary and Governance Director, with a copy sent to the Capital Market Authority.
The Dubai Taxi Company PJSC has scheduled an earnings call on Wednesday, May 6, 2026, at 3:00 PM to discuss its financial results for the first quarter of 2026. The presentation for the meeting will be available on the company's website prior to the call. This information is addressed to Mr. Hamed Ahmed Ali, the CEO of the Dubai Financial Market, with a copy sent to the Securities and Commodities Authority. The notice is signed by Nader Ibrahim Mugbil, Head of Investor Relations.
The Board of Directors of Dubai Taxi Company P.J.S.C. is set to meet on Tuesday, May 5, 2026, at 3:00 pm at the company's headquarters. The meeting's agenda includes discussions and approvals concerning the consolidated financial statements for the first quarter of the fiscal year 2026 and a review of strategic matters and major projects of the company. The notification is addressed to Mr. Hamed Ahmed Ali, the Chief Executive Officer of the Dubai Financial Market, and is signed by Vicken Khochafian, the Group Board Secretary & Governance Director. A copy of the notification has also been sent to the Capital Market Authority.
Dubai Taxi Company (DTC) has expanded its fleet by acquiring 600 new taxi plates through a recent auction by the Dubai Roads and Transport Authority (RTA), increasing its market share to 47%. This addition brings DTC's total fleet to 6,817 vehicles. The new taxis will be introduced in phases starting in July 2026, aiming to maintain operational efficiency and service quality. Mansoor Rahma Alfalasi, Group CEO, stated that this expansion aligns with the company's strategy to meet rising demand for transport services in Dubai and supports the city's goal of developing a world-class mobility ecosystem.
Dubai Taxi Company PJSC (DTC) announced that its shareholders approved a final cash dividend of AED 142.0 million for the second half of 2025, equivalent to 5.68 fils per share, during the Annual General Meeting. This brings the total dividend for the fiscal year 2025 to AED 302.7 million, marking a 7.5% increase from the previous year. The dividend distribution aligns with DTC's policy of paying out at least 85% of annual net profit on a semi-annual basis. The approval underscores DTC's strong performance and commitment to providing attractive returns to shareholders, amidst regional uncertainties and strong economic fundamentals in Dubai.
Dubai Taxi Company held its Annual General Meeting on April 7, 2026, at the Intercontinental Hotel in Dubai Festival City, with an option for electronic participation. The meeting achieved a legal quorum, and the following resolutions were approved by a majority of votes: 1. Appointment of Mr. Vicken Khochafian as the Secretary for the Meeting and LUMI as the Vote Collector. 2. Approval of the Board of Directors' Report on the company's activities and financial position for the fiscal year ending December 31, 2025. 3. Approval of the independent external auditor’s report for the fiscal year ending December 31, 2025. 4. Approval of the company's balance sheet and profit and loss account for the fiscal year ending December 31, 2025. 5. Approval of the Board of Directors’ proposal to distribute cash dividends for the second half of the fiscal year ending December 31, 2025, amounting to AED 141,990,888 (5.68 Fils per share), representing 85% of the net profit for the period. The total cash dividends declared for the fiscal year 2025 amount to AED 302,660,217, representing 12.11% of the company's share capital. The Board of Directors was authorized to distribute semi-annual dividends for the first half of 2025.
Dubai Taxi Company and Baidu's Apollo Go have launched a driverless commercial ride-hailing service in Dubai, accessible via the Apollo Go app. This marks Apollo Go's first international app deployment. The partnership combines Baidu's autonomous technology with Dubai Taxi Company's local expertise. The initiative supports Dubai's goal of making 25% of transportation trips driverless by 2030. Initially, 50 vehicles will be available, with plans to expand to over 1,000 in the coming years. The service is available on the Apollo Go app and will extend to other platforms like Bolt as it scales up.