Dubai Taxi Company PJSC, a leading provider of integrated mobility solutions in Dubai, announced the completion of its full acquisition of National Taxi LLC after securing the required regulatory approvals and fulfilling all conditions needed to finalize the transaction.

The official approvals included clearance from both Dubai’s Roads and Transport Authority and Abu Dhabi’s Integrated Transport Centre, paving the way for Dubai Taxi Company to acquire 100% of National Taxi’s share capital.

The final total value of the transaction reached AED 1.45 billion, marking an important strategic step in Dubai Taxi Company’s expansion across the UAE and supporting the company’s growth plans for the coming years.

The completion of the deal represents a key milestone in Dubai Taxi Company’s five-year growth strategy. It strengthens the company’s position in the Dubai market, where its market share is estimated at around 59%, while also expanding its presence in Abu Dhabi with a market share of approximately 12%.

Following the acquisition, Dubai Taxi Company’s taxi fleet will exceed 9,500 vehicles across the UAE, mainly operating in Dubai and Abu Dhabi. This reinforces the company’s position as the largest taxi operator in the country.

The acquisition is expected to have a positive impact on the company’s earnings starting from the first full financial year after completion. It is also expected to create additional value through operational integration between the two companies, while allowing Dubai Taxi Company to maintain an attractive dividend policy for shareholders.

This expansion will support Dubai Taxi Company’s ability to meet the growing demand for mobility services in the UAE through a wider operating network, broader presence in key markets, and more efficient services that respond to customer needs.

Commenting on the transaction, Mansoor Rahma Al Falasi, Group Chief Executive Officer, said the completion of the acquisition of National Taxi marks Dubai Taxi Company’s first transformational acquisition since its initial public offering. He described the deal as an important step in the company’s long-term growth strategy.

Al Falasi added that the acquisition strengthens Dubai Taxi Company’s leadership in Dubai and expands its presence in Abu Dhabi, supporting the company’s ambition to build a leading national mobility platform across the UAE based on a larger operational base and wider geographic reach.

He noted that the company’s priority in the next phase will be to complete the integration of National Taxi into the group and make the most of the strategic and financial opportunities created by the transaction, helping deliver sustainable long-term value to shareholders.

The final value of the deal was reached after applying the agreed adjustment mechanism under the locked-box structure set out in the sale and purchase agreement between the relevant parties.

During the financial year ended July 2025, National Taxi recorded net revenue of AED 774 million and earnings before interest, taxes, depreciation, and amortization of AED 183 million. The company operates a fleet of more than 2,700 vehicles.

Dubai Taxi Company is one of Dubai’s leading providers of comprehensive mobility solutions. Its services include taxis, limousine vehicles, buses, and last-mile delivery services through delivery bikes. The company was established in 1994 to operate a taxi fleet and has since expanded gradually into several transport segments.

Dubai Taxi Company became a public joint stock company under Law No. 21 of 2023. It continues to strengthen its presence in the transportation sector through a large fleet and diverse operating services that meet different customer needs. In 2025, the company’s taxi and limousine vehicles completed 53 million trips.

National Taxi, meanwhile, was established in 2000 and is considered one of the UAE’s prominent taxi operators. The company holds licensed taxi operating concessions from Dubai’s Roads and Transport Authority and Abu Dhabi’s Integrated Transport Centre.

National Taxi operates more than 2,700 vehicles across Dubai, Abu Dhabi, and Al Ain, in addition to around 2,534 licensed vehicle plates. It also works with more than 5,100 driver partners. During the year ended July 31, 2025, the company completed 25.4 million trips, with a fleet utilization rate of 90%.

A significant portion of National Taxi’s fleet consists of electric and hybrid vehicles, which account for around 77% of its total fleet. This reflects the presence of more sustainable vehicles within its operations. The company generates revenue through a regulated, meter-based fare system, whether vehicles are hailed on the street or booked through digital channels and various ride-hailing platforms.

The completion of this transaction confirms Dubai Taxi Company’s direction toward expanding its operations across the UAE and strengthening its service base in the taxi sector. It also supports the company’s ability to provide more accessible and efficient mobility services in Dubai, Abu Dhabi, and other key markets.