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The Board of Directors of Dubai Taxi Company P.J.S.C. held a meeting on February 23, 2026, at the company's headquarters. The meeting achieved quorum, and the following items were discussed and approved: the Board of Directors' report and the consolidated audited financial statements for the fiscal year 2025; the decision to convene the Annual General Meeting on April 7, 2026, pending approval from the Securities and Commodities Authority; the proposal to distribute cash dividends for the second half of the fiscal year 2025, totaling AED 141,990,888 (5.68 Fils per share), representing 85% of the net profit for the period, subject to shareholder approval at the AGM; the Corporate Governance Report for 2025; and other operational and internal matters. The letter was signed by Vicken Khochafian, Board Secretary and Governance Director, with a copy sent to the Securities and Commodities Authority.
Dubai Taxi Company PJSC (DTC) reported its financial results for the fiscal year 2025, showing strong operational and financial performance. The company completed 53 million trips in the taxi and limousine segments, an 8% increase from the previous year. The operational fleet expanded by 1,708 vehicles, supporting growth across DTC's mobility segments. The EBITDA margin remained steady at 26%, and net profit rose by 7% to AED 356.1 million. The Board of Directors recommended final dividends of AED 142.0 million for the second half of 2025, totaling AED 302.7 million for the year, a 7.5% increase. DTC's revenue grew by 13% year-on-year to AED 2.47 billion, driven by fleet expansion and increased trips. The company highlighted strong execution in the first year of its five-year strategic plan, reinforcing its leadership in smart, sustainable transportation.
The text is a formal letter from Alan Williamson, the Chief Executive Officer of Taaleem Holding PJSC, addressed to Mr. Hamed Ahmed Ali, the Chief Executive Officer of the Dubai Financial Market. The letter informs Mr. Ali about a scheduled Board of Directors meeting for Taaleem Holding PJSC. The meeting is set to take place on Thursday, February 26, 2026, at 3:00 pm at the company's office and via remote attendance. The agenda includes discussing routine business issues, following up on the company's activities, and addressing any other matters with the Chairman's permission. The letter is also copied to the Securities and Commodities Authority.
Emirates Central Cooling Systems Corporation (Empower), the world's largest district cooling services provider, announced the design contract award for a new district cooling plant in Business Bay, Dubai, with a capacity of 44,000 refrigeration tons. Construction is set to begin in late 2026. This initiative is part of Empower's strategy to meet the rising demand for sustainable cooling services in line with Dubai's urban growth. The new plant will expand Empower's Business Bay project, which already holds two Guinness World Records for its cooling capacity and coverage. Empower's CEO, H.E. Ahmad Bin Shafar, emphasized the project's role in supporting Dubai's sustainability goals by providing environmentally friendly cooling solutions and aligning with the Dubai 2040 Urban Master Plan. The company aims to continue enhancing its services and employing advanced technologies to maintain Dubai's leadership in the district cooling sector.