Dubai Taxi Company Announces H1 2025 Dividend
Dubai Taxi Company PJSC reveals financial results and dividend distribution for the first half of 2025.
Summary
Dubai Taxi Company PJSC has approved its H1 2025 financial results and announced a cash dividend distribution, reflecting strong financial performance.
Dubai Taxi Company PJSC, a leading mobility solutions provider in the United Arab Emirates, has recently announced its financial results for the first half of 2025, alongside the distribution of cash dividends. The announcement came after the Board of Directors' meeting held on July 28, 2025, at the company's headquarters in Dubai.
The board approved the consolidated financial statements for the first half of the fiscal year 2025. In a significant move, the company declared a cash dividend of AED 160,669,328, which translates to 6.43 Fils per share, representing 85% of the net profit for the period. This decision aligns with the authorization given by the company’s shareholders during the Annual General Meeting held on March 19, 2025, and adheres to the company's Articles of Association and dividend policy.
Key dates for shareholders include the last entitlement date on August 5, 2025, the ex-dividend date on August 6, 2025, the registry closing date on August 7, 2025, and the payment date set for August 25, 2025.
Dubai Taxi Company has maintained its leadership position in the Dubai mobility sector, commanding a 44% market share with its extensive fleet of over 7,000 vehicles. The company's robust financial health and strategic expansion into various mobility services, such as VIP limousine services, bus operations, and last-mile delivery, have contributed to its continued success.
Given the company's strong financial performance, dominant market position, and commitment to shareholder returns, investors might consider this an attractive opportunity. The 85% dividend payout indicates a healthy cash flow and management's confidence in the company's future prospects. Therefore, it may be prudent for current investors to hold their positions in Dubai Taxi Company PJSC, while potential investors might see this as a favorable entry point.
In conclusion, Dubai Taxi Company's recent financial results and dividend announcement underscore its strong operational performance and strategic foresight in the dynamic mobility sector. As the company continues to leverage its market leadership and expand its service offerings, it is well-positioned for future growth and profitability.
Source
Summary
The Board of Directors of Dubai Taxi Company P.J.S.C. held a meeting on July 28, 2025, at the company's headquarters. The meeting achieved quorum, and the following items were discussed and approved: the consolidated financial statements for the first half of the fiscal year 2025, the distribution of cash dividends for the same period amounting to AED 160,669,328 (6.43 Fils per share), which represents 85% of the net profit. Key dates for the dividend include the last entitlement date on August 5, 2025, the ex-dividend date on August 6, 2025, the registry closing date on August 7, 2025, and the payment date on August 25, 2025. Other operational and internal matters were also addressed. The communication was sent by Vicken Khochafian, the Board Secretary and Governance Director, with a copy to the Securities and Commodities Authority.
