Dubai Taxi Company PJSC, a key player in the United Arab Emirates' mobility sector, recently held its Annual General Meeting (AGM) on April 7, 2026, at the Intercontinental Hotel, Dubai Festival City. With a commanding 44% market share in Dubai's taxi fleet, the company continues to demonstrate its financial strength and market leadership.

The AGM, which allowed for both in-person and electronic participation, achieved a legal quorum and saw the approval of several crucial resolutions. Among these, the appointment of Mr. Vicken Khochafian as the Secretary for the Meeting and LUMI as the Vote Collector was confirmed. More importantly, the Board of Director’s report on the company's activities and financial position for the fiscal year ending December 31, 2025, was approved, alongside the independent external auditor’s report.

The highlight of the meeting was the approval of the distribution of cash dividends for the second half of the fiscal year ending December 31, 2025. The dividends amounted to AED 141,990,888, equivalent to 5.68 fils per share, representing a substantial 85% of the net profit for the period. This decision reflects the company's robust financial health and commitment to rewarding its shareholders. Notably, the total cash dividends declared for the fiscal year 2025 reached AED 302,660,217, accounting for 12.11% of the company’s share capital.

Dubai Taxi Company's impressive performance is underpinned by its diversified mobility solutions, including eco-friendly taxi services, VIP limousine services, bus operations, and last-mile delivery bike services. With over 7,000 vehicles in its fleet, the company completed 44 million trips between July 2022 and June 2023, further solidifying its market dominance.

Given the company's strong market position, consistent financial performance, and strategic dividend payouts, investors may find it an attractive proposition. The decision to distribute high dividends reflects confidence in future earnings and a stable financial outlook. Therefore, considering the current market dynamics and the company's strategic initiatives, the recommendation is to hold the instrument, as it promises steady returns and potential growth in the long term.