Dubai Taxi Company (DTC) announced the successful completion of its AED 1.45 billion acquisition of National Taxi, following receipt of all required regulatory approvals, including approvals from Dubai’s Roads and Transport Authority (RTA) and Abu Dhabi’s Integrated Transport Centre (ITC).
The acquisition marks DTC’s first major acquisition since its IPO and creates the largest taxi operator in the UAE, strengthening the company’s leadership position in Dubai while establishing a significant presence in Abu Dhabi.
Key highlights:
• Successfully completed the AED 1.45 billion acquisition of National Taxi
• Combined taxi fleet exceeds 9,500 vehicles across the UAE
• Becomes the largest taxi operator in the UAE
• Approximately 59% market share in Dubai
• Approximately 12% market share in Abu Dhabi
• Expected to be earnings accretive from the first full year of ownership
National Taxi brings:
• Revenue of AED 774 million (FY ended July 2025)
• EBITDA of AED 183 million
• Fleet of more than 2,700 vehicles
• Approximately 2,534 licensed taxi plates
• Operations across Dubai, Abu Dhabi and Al Ain
According to DTC, the acquisition strengthens its five-year growth strategy by expanding its geographic footprint, increasing operational scale and creating opportunities for operational synergies while maintaining its attractive dividend profile.
The company stated that its next priority will be integrating National Taxi into the DTC Group and delivering the strategic and financial benefits of the transaction to create long-term shareholder value.
Source: Dubai Taxi Company (DTC)
Disclaimer: This post is for informational purposes only and should not be considered investment or financial advice.