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The document is a proxy form for a shareholder of the Dubai Electricity and Water Authority (DEWA) to authorize another individual to attend the General Assembly Meeting on their behalf. The meeting is scheduled for 11am on 28th March 2024. The proxy is also granted voting rights for the agenda. The form requires the shareholder's signature and date.
The financial statements of Dubai Taxi Company P.J.S.C., formerly known as Dubai Taxi Corporation, as of 31 December 2023 have been released. The statements provide detailed information about the company's financial performance and position.
Dubai Taxi Company (DTC) has reported a 54% YoY increase in net profit for FY 2023, reaching AED 345.3 million ($94 million). The company's full-year revenue rose by 11% to AED 1.95 billion ($531 million), with 46 million trips completed across its taxi and limousine segments, marking an 8% YoY increase. EBITDA also increased by 55% YoY to AED 490.5 million ($133 million), with a margin increase to 25%. The board has approved a Q4 2023 dividend of AED 71 million ($19 million) to be distributed in April 2024. The results come after DTC's successful IPO on the Dubai Financial Market in December 2023.
The financial statements of Dubai Taxi Company P.J.S.C., formerly known as Dubai Taxi Corporation, as of 31st December 2023 have been released.
The Board of Directors of Dubai Taxi Company P.J.S.C. held a meeting on February 29, 2024, where they discussed and approved several items. These included the Board of Directors report and audited financial statements for fiscal year 2023, the proposal to convene the company's Annual General Assembly meeting on March 28, 2024 (subject to approval from the Securities and Commodities Authority), and the proposal to distribute cash dividends for Q4 of fiscal year 2023 amounting to AED 71 million (2.84 fils per share), subject to shareholder approval at the Annual General Assembly. The Corporate Governance Report for fiscal year 2023 and other internal and routine administrative topics were also discussed.