Dubai Taxi Company PJSC

The Dubai Taxi Company PJSC, established on November 9, 2023, has a paid-up, subscribed, and authorized capital of AED 100,000,000. The company is chaired by H.E. Abdul Muhsen Ibrahim Kalbat, with Mr. Mansoor Rahma Juma Abdulla Alfalasi serving as the CEO. Deloitte & Touche (M.E.) is the external auditor. The company's mailing address is DTC Main Building, Amman Street, Al Muhaisnah 4, PO Box 2647, Dubai, UAE. Contact information includes telephone number +971 4 208 0331, fax number +971 4 208 0311, and email ir@dtc.gov.ae.

Bolt, a global shared mobility platform, has completed 1 million trips in Dubai since its launch in December 2024. This achievement is supported by a fleet of premium limousines from over 200 partners and 18,000 trained drivers. The platform's user-friendly app offers features like transparent pricing, easy navigation, live tracking, and multiple ride options, enhancing customer confidence. Bolt's partnership with Dubai Taxi Company aims to advance e-hailing solutions and smart transportation services in Dubai, aligning with the city's goal to transition 80% of taxi trips to e-hailing. Mansoor Alfalasi, CEO of Dubai Taxi Company, praised Bolt's milestone and its role in Dubai's transportation ecosystem. Future plans include adding taxi services to Bolt's platform and expanding its reach beyond Dubai.

Dubai Taxi Company PJSC has announced its corporate strategy for 2025-2029, focusing on innovation and growth. The company aims to maintain its leadership in the taxi market while expanding into limousine services and delivery, targeting new markets in the UAE and the region. The strategy includes a new vision to be the preferred mobility choice, emphasizing digital and safe mobility services that cater to convenience, connectivity, and sustainability. Chairman Abdul Mohsen Ibrahim Kalbat highlighted the company's transformation into a public joint stock company and its commitment to sustainable growth and strategic partnerships to support Dubai's vision for a smart and sustainable future.

On December 18, 2024, the Board of Directors of Dubai Taxi Company P.J.S.C. held a meeting at the company’s headquarters at 3:00 pm, with a quorum present. During the meeting, they approved the company's budget for the fiscal year 2025, the strategy for 2025-2029, the ESG (Environmental, Social, and Governance) strategy, and other operational and internal matters. The communication was signed by Vicken Khochafian, the Board Secretary and Governance Director, and a copy was sent to the Securities and Commodities Authority.

A notification has been issued for a Board of Directors meeting of Dubai Taxi Company P.J.S.C. The meeting is scheduled for Wednesday, December 18, 2024, at 3:00 PM at the company's headquarters. The agenda includes reviewing and approving the company's budget for the fiscal year 2025, discussing and approving the company's strategy for 2025-2029, evaluating and adopting the company's ESG strategy, and addressing other operational and internal matters. The notification is signed by Vicken Khochafian, the Board Secretary and Governance Director, with a copy sent to the Securities and Commodities Authority.

Dubai Taxi Company (DTC) has expanded its fleet by acquiring 250 new license plates, all designated for electric vehicles, from a recent auction by the Dubai Roads and Transport Authority. This brings DTC's total fleet to 6,210 vehicles and is expected to increase annual revenue by approximately AED 85 million. With this addition, about 87% of DTC's fleet will consist of hybrid and electric vehicles, aligning with the UAE's Year of Sustainability and DTC's commitment to eco-friendly transport solutions. DTC aims to enhance customer experience and position Dubai as a leader in sustainable urban mobility, while also expanding services locally and regionally and strengthening partnerships in the smart and sustainable transport sector.

Dubai Taxi Company PJSC (DTC) reported a 20% year-on-year increase in EBITDA to AED 432.2 million for the first nine months of 2024, with revenue rising 13% to AED 1.60 billion. The company expanded its operational taxi fleet by 444 vehicles, achieving a 46% market share in Dubai and completing 36 million trips, a 5% increase from the previous year. The EBITDA margin improved by 2 percentage points to 27%. Net profit before tax reached AED 271.8 million, a 19% increase excluding interest costs. DTC formed a strategic partnership with Bolt to launch an international e-hailing platform in Dubai. The company's taxi segment revenue grew 12% to AED 1.39 billion, while the limousine segment saw a 3% increase to AED 89.1 million. The bus segment's revenue rose 27% to AED 87.7 million, supported by new service contracts and fleet expansion. DTC's delivery bike segment, boosted by partnerships with delivery platforms like Talabat, saw revenue grow 2.5 times. The company focuses on cost optimization and sustainability, with over 85% of its taxi and limousine fleet now hybrid or electric vehicles.

The document is a review report and condensed interim financial information for Dubai Taxi Company P.J.S.C. covering the nine-month period ending on September 30, 2024.

The Board of Directors of Dubai Taxi Company P.J.S.C. held a meeting on Wednesday, November 6, 2024, at 3:00 pm at the company's headquarters. The meeting reached a quorum, and the board addressed and approved the financial statements for the third quarter of the fiscal year 2024, along with other operational and internal matters. The communication is signed by Vicken Khochafian, the Board Secretary and Governance Director, and a copy was sent to the Securities and Commodities Authority.

The Dubai Taxi Company PJSC will hold an earnings call on Friday, November 8, 2024, at 10:00 AM to discuss the financial results for the third quarter of 2024. The presentation will be available on the company's website before the meeting. This information is addressed to Mr. Hamed Ahmed Ali, CEO of the Dubai Financial Market, from Rami Mohammad Al Banna, Head of Investor Relations. A copy of the notice is also sent to the Securities and Commodities Authority.