???? Dubai Taxi Company to Acquire National Taxi in AED 1.45 Billion Transaction
Dubai Taxi Company (DTC) announced that it has entered into a Sales and Purchase Agreement to acquire 100% of National Taxi, one of the UAE’s established taxi operators, for a total enterprise value of AED 1.45 billion.
The acquisition will be fully funded through new bank debt facilities, with no new equity issuance and no dilution to existing shareholders. The transaction is expected to complete in Q3 2026, subject to regulatory approvals and customary closing conditions.
National Taxi operates approximately 2,500+ licensed taxi plates and a fleet of more than 2,700 vehicles across Dubai, Abu Dhabi and Al Ain. The company completed 25.4 million trips during the year ended July 2025 and operated at a fleet utilization rate of 98%.
For the year ended July 2025, National Taxi reported:
• AED 774 million in net revenue
• AED 183 million in EBITDA
• AED 101 million in net profit
Following completion of the transaction, DTC’s market share in Dubai is expected to increase from approximately 47% to around 59%. The acquisition will also provide DTC with a meaningful entry into Abu Dhabi with an estimated market share of approximately 12%.
The combined pro forma fleet across DTC and National Taxi is expected to exceed 14,000 vehicles as of May 2026, serving an estimated 78 million annual trips across the UAE.
DTC stated that the acquisition aligns with its long-term growth strategy to expand its geographic footprint across the UAE and strengthen its position as a leading mobility platform. The company also intends to retain the National Taxi brand following completion of the deal.
According to DTC, identified synergies are expected to reach approximately 5% of National Taxi’s net revenue, driven mainly by procurement savings, centralized maintenance, and back-office consolidation.
DTC added that the transaction is expected to be earnings accretive from the first full year of ownership, while maintaining an attractive dividend profile and a healthy leverage position.
National Taxi currently holds 1,734 taxi plates in Dubai and 800 taxi plates in Abu Dhabi and Al Ain. Around 77% of its fleet consists of electric or hybrid vehicles.
Source: Dubai Financial Market (DFM) Disclosure / Dubai Taxi Company
Disclaimer: This post is for informational purposes only and should not be considered investment or financial advice.