Dubai Taxi Company PJSC

Logotype for Dubai Taxi Company PJSC
Ticker/ISIN
DTC
AEE01356D236
Market/Country
Dubai Financial Market
United Arab Emirates

About Dubai Taxi Company PJSC

The Company is a leading provider of comprehensive mobility solutions in Dubai. With an approximately 44% market share (by size of taxi fleet) as at 30 June 2023 according to the Industry Consultant, it is currently the number one taxi operator in Dubai, with its next largest taxi competitor having only a 22% market share. Having been established as a taxi company in 1994, with operations starting in 1995 with only 81 taxi cars, the Company has since expanded to other mobility businesses by leveraging its dominant leadership in the taxi sector and operational strength. It offers an extensive range of transportation solutions across its four key business lines, including taxi services through its large, eco-friendly fleet; VIP limousine services made up of chauffeur-driven vehicles for luxury service; its bus services; and its last mile delivery bike services. Between 1 July 2022 and 30 June 2023, the Company's taxis and limousines made 44 million trips, 42 million of which were taxi trips. Across its business lines, as at 30 June 2023, the Company operated more than 7,000 vehicles (of which 5,216 were taxis).

Company's Activities are detailed in AOA and Listing Prospectus.

Latest Pressrelease Summaries from Dubai Taxi Company PJSC

Dubai Taxi Company (DTC) has formed a strategic partnership with Keeta, a subsidiary of China's Meituan, to advance last-mile delivery services in Dubai. The agreement, signed at GITEX in Dubai, aims to enhance delivery logistics, particularly in the e-commerce and quick-commerce sectors, aligning with DTC's growth strategy. Initially, DTC will deploy 150 delivery motorbikes, with plans to increase to 500 by the end of the year, projecting over AED 10 million in revenue in the first year. The partnership will also explore the integration of drones and autonomous vehicles into delivery operations. DTC's delivery segment saw significant growth, with Q2 2025 revenues rising 102% year-on-year to AED 18.2 million.
Dubai Taxi Company and Kabi by Al Ghurair, two major taxi operators in Dubai, have formed a strategic alliance to enhance urban mobility in the UAE. This collaboration includes the integration of their taxi fleets, totaling 9,880 vehicles, into the e-hailing platforms Bolt and Zed. The agreement, signed by the CEOs of both companies, aims to improve ride-hailing services by increasing availability and reducing waiting times. This initiative aligns with the Dubai Government's goal to convert 80% of taxi trips to e-hailing as part of a broader vision for smart mobility and sustainability. The partnership seeks to expand access to taxis and improve the overall customer experience in line with growing demand.
On September 24, 2025, the Board of Directors of Dubai Taxi Company P.J.S.C. issued a Board Resolution by Circulation to approve certain internal matters related to the company's business operations. The communication was addressed to Mr. Hamed Ahmed Ali, the CEO of the Dubai Financial Market, and was signed by Vicken Khochafian, the Board Secretary and Governance Director. A copy was also sent to the Securities and Commodities Authority.
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 Board Resolution by circulation on September 24, 2025. This resolution will pertain to the approval of certain internal matters concerning the company's business operations. 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 PJSC (DTC) reported strong financial results for Q2 2025, with a 33% year-on-year increase in net profit to AED 105.4 million. The company completed 13.6 million trips across its taxi and limousine segments, a 19% increase from the previous year. DTC has integrated over 6,000 taxis into the Bolt platform, including 700 airport taxis, as part of its strategy to develop the UAE’s largest e-hailing platform. Revenue for the quarter rose by 18% to AED 625.2 million, while EBITDA increased by 30% to AED 180.6 million, with a margin of 29%. The board approved dividends of AED 160.7 million for the first half of 2025. The taxi segment saw an 18% revenue increase to AED 539.7 million, driven by fleet expansion and high utilization, with the operational fleet reaching 6,210 vehicles, including 335 fully electric ones. The limousine segment's revenue grew by 8% to AED 30.5 million. However, the bus segment's revenue decreased by 12% to AED 31.3 million due to changes in revenue recognition, which do not affect the overall annual contract values. Overall, DTC's total operational fleet increased by 23% to 10,180 vehicles.
The document is a review report and condensed interim consolidated financial information for Dubai Taxi Company P.J.S.C., covering the six-month period ending on June 30, 2025.
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.
The Dubai Taxi Company PJSC will hold an earnings call on Tuesday, July 29, 2025, at 3:00 PM to discuss the financial results for the second quarter of 2025. The presentation will be available on the company's website before the meeting. The communication is addressed to Mr. Hamed Ahmed Ali, CEO of the Dubai Financial Market, and is sent by Rami Mohammad Al Banna, Head of Investor Relations. A copy has also been sent to the Securities and Commodities Authority.

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News Update From Dubai Taxi Company PJSC

Disclosure: Earnings Call

On 28 February 2024, Rami Mohammad Al Banna, the Head of Investor Relations at Dubai Taxi Company PJSC, sent a letter to Mr. Hamed Ahmed Ali, the CEO of Dubai Financial Market. The letter informed him about the company's earnings call scheduled for 5 March 2024 at 3:00 pm. The purpose of the call is to discuss the financial results for the year ended 31 December 2023. The Securities and Commodities Authority was also copied in the letter.

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Dubai Financial Market News

News Update From Dubai Taxi Company PJSC

Disclosure: BOD meeting

The Board of Directors of Dubai Taxi Company P.J.S.C. will hold a meeting on February 29, 2024, at 3:30 pm at the company's headquarters. The meeting's agenda will include discussions and approvals of the Board of Directors report and audited financial statements for FY 2023, details of the company’s annual general assembly for FY 2023, the Corporate Governance Report for FY 2023, and other internal and routine administrative matters. The notification was signed by the Board Secretary, Vicken Khochafian.

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News Update From Dubai Taxi Company PJSC

Disclosure: Preliminary financial results for the year of 2023

The preliminary results of the Dubai Taxi Company PJSC for the year ended on December 31, 2023 have been released. The company was established on November 9, 2023. It has a paid-up, subscribed, and authorized capital of AED 100,000,000. The Chairman of the Board is Abdul Muhsen Ibrahim Kalbat and the Chief Executive Officer is Mansoor Rahma Juma Abdulla Alfalasi. The external auditor is KPMG Lower Gulf Limited. The company's mailing address is DTC Main Building, Amman Street, Al Muhaisnah 4, PO Box 2647, Dubai, UAE. They can be contacted via telephone at +971 4 208 0000, fax at +971 4 208 0311, or email at ir@dtc.gov.ae.

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News Update From Dubai Taxi Company PJSC

Disclosure: Press release

Dubai Taxi Company (DTC) has doubled its taxi fleet at Dubai Airports by adding 350 new eco-friendly taxis, increasing its service capacity by 100%. This move is aimed at keeping up with the growing passenger traffic and enhancing customer satisfaction. DTC now has over 5,566 vehicles, making it one of the largest operators in the region with a 45% market share in the taxi sector. The airport taxi service, available round-the-clock, is exclusively for arrivals at Dubai Airports and Port Rashid and can transport passengers to any destination within the UAE.

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News Update From Dubai Taxi Company PJSC

Disclosure: Results of Board Decisions by Passing

The text is a formal communication dated 23rd January 2024, from Vicken Khochafian, the Board Secretary of Dubai Taxi Company P.J.S.C., to Mr. Hamed Ahmed Ali, the Chief Executive Officer of the Dubai Financial Market. The letter informs that the Board of Directors of the Dubai Taxi Company P.J.S.C. has passed a resolution approving internal manuals and policies on 23rd January 2024. The communication was sent from Dubai, UAE, with contact details provided at the beginning of the text.

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DFM News

News Update From Dubai Taxi Company PJSC

Disclosure: Board Decisions by Passing

The text is a formal notification from Vicken Khochafian, the Board Secretary of Dubai Taxi Company P.J.S.C., to Mr. Hamed Ahmed Ali, the Chief Executive Officer of Dubai Financial Market. The letter, dated 18/01/2024, informs Mr. Ali that the Board of Directors of Dubai Taxi Company P.J.S.C. will be issuing a Board Resolution by Circulation on 23/01/2024. This resolution pertains to the approval of internal manuals and policies of the company. The letter is sent from Dubai, United Arab Emirates.

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DFM News

News Update From Dubai Taxi Company PJSC

Disclosure: Results of BOD meeting

On December 22, 2023, a board meeting was held by the Dubai Taxi Company P.J.S.C. at 8:00 am at the RTA's headquarters Block B. The meeting achieved a quorum and discussed and resolved the company's budget for the year 2024 and various internal matters and routine business affairs. The information was relayed in a letter by Board Secretary, Vicken Khochafian, addressed to Mr. Hamed Ahmed Ali, the Chief Executive Officer of the Dubai Financial Market.

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DFM News

News Update From Dubai Taxi Company PJSC

Disclosure: BOD meeting

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DFM News

News Update From Dubai Taxi Company PJSC

Disclosure: Results of BOD meeting

On 15th December 2023, a letter was sent by Mansoor Rahma Alfalasi, the CEO of Dubai Taxi Company PJSC, to Mr. Hamed Ahmed Ali, the CEO of Dubai Financial Market. The letter informed Mr. Ali about a meeting held by the Board of Directors of Dubai Taxi Company PJSC. The meeting took place at the company's headquarters and all board members attended. Routine business matters were discussed and approved during the meeting.

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DFM News

News Update From Dubai Taxi Company PJSC

Disclosure: Press release

Dubai Taxi Company (DTC) has appointed BHM Capital Financial Services as its liquidity provider for its shares listed on the Dubai Financial Market (DFM). BHM Capital will enter two-way daily quotes into the market trading system in line with DFM and UAE Securities and Commodities Authority regulations. The agreement is initially for three months and will continue on a monthly basis thereafter. DTC is a public joint stock company and a leading provider of mobility solutions in Dubai, operating over 7,000 vehicles.

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