Dubai Taxi Company Completes AED1.45 Billion Acquisition of National Taxi
The acquisition increases its market share in Dubai to approximately 59% while establishing a presence in Abu Dhabi with an estimated 12% market share.
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Dubai Taxi Company PJSC (DTC), Dubai’s largest mobility solutions provider, has completed its acquisition of National Taxi LLC, one of the UAE’s largest taxi operators, 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 forms part of DTC’s five-year growth strategy and expands the company’s operations across the UAE. Following completion of the transaction, DTC’s combined fleet exceeds 9,500 taxis, making it the country’s largest taxi operator.
According to the company, the acquisition increases its market share in Dubai to approximately 59% while establishing a presence in Abu Dhabi with an estimated 12% market share.
Mansoor Rahma Alfalasi, Group CEO of Dubai Taxi Company, said: “The successful completion of the acquisition of National Taxi is the first transformational acquisition since our IPO and an important moment in our long-term growth strategy. National Taxi strengthens our leadership position in Dubai, establishes a meaningful presence in Abu Dhabi and creates a leading multi-emirate mobility platform with greater scale and reach. Our focus now turns to integrating National Taxi into the DTC Group and delivering the substantial strategic and financial benefits of the transaction to create long-term value for our shareholders.”
The final purchase consideration totaled AED1.45 billion, following the agreed locked-box adjustment mechanism under the sale and purchase agreement.
For the financial year ended July 2025, National Taxi reported revenue of AED774 million and EBITDA of AED183 million. The company operated a fleet of more than 2,700 vehicles across Dubai, Abu Dhabi, and Al Ain.
Established in 2000, National Taxi holds taxi concessions from Dubai’s Roads and Transport Authority and Abu Dhabi’s Integrated Transport Centre. The company operates approximately 2,534 licensed taxi plates and employs more than 5,100 driver partners.
National Taxi completed 25.4 million trips during the year ended July 2025, with 77% of its fleet consisting of electric or hybrid vehicles. Its services are available through street hailing and digital platforms including Bolt, Careem Hala, Uber, Yango, and Zed.
Dubai Taxi Company said the acquisition is expected to contribute positively to earnings from the first full year of ownership, with additional benefits anticipated through operational synergies.
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Dubai Taxi Company PJSC (DTC), Dubai’s largest mobility solutions provider, has completed its acquisition of National Taxi LLC, one of the UAE’s largest taxi operators, 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 forms part of DTC’s five-year growth strategy and expands the company’s operations across the UAE. Following completion of the transaction, DTC’s combined fleet exceeds 9,500 taxis, making it the country’s largest taxi operator.
According to the company, the acquisition increases its market share in Dubai to approximately 59% while establishing a presence in Abu Dhabi with an estimated 12% market share.
Entrepreneur Middle East Staff
Entrepreneur Staff
