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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 text is a formal notification regarding a Board of Directors meeting for Gulf Navigation Holding PJSC. The meeting is scheduled to take place on Thursday, 31 July 2025, at 10:00 am. The agenda includes regular matters and any other business related to the company. The notification is addressed to H.E. Hamed Ahmed Ali, CEO of Dubai Financial Market, and H.E. Dr. Maryam Buti Al Suwaidi, CEO of the Securities and Commodities Authority. The message is signed by Nader Muqbel, the Investor Relations Director of Gulf Navigation Holding PJSC.
Al Salam Bank, a leading financial institution in Bahrain, is participating in "Youth City 2025" for the third consecutive year, focusing on empowering youth through financial education. The bank introduced an innovative program called "Life with Al Salam Bank," which uses an interactive simulation game to teach participants about real-life financial scenarios and decision-making. The program aims to enhance financial awareness and responsible behavior among young people, emphasizing the importance of financial planning. Mahmood Qannati, Head of Marketing & Communications at Al Salam Bank, highlighted the bank's commitment to empowering youth with financial knowledge as an investment in national economic sustainability. The initiative reflects the bank's dedication to educational and community-driven projects that support youth development, sustainability, and social responsibility. Through its involvement in "Youth City," Al Salam Bank aims to contribute to a financially informed and prosperous society.
Dubai Insurance Company has announced a Board of Directors meeting scheduled for 11:00 AM on Thursday, July 31, 2025, at the company's headquarters. The meeting will address the ratification of the previous board meeting's minutes and the review and approval of the second quarter financials for 2025. The communication is signed by Sahem Abdel Haq, Head of Legal.