DTC completes AED 1.45 billion acquisition of National Taxi

Dubai Taxi Company (DTC) has completed its acquisition of 100 per cent of the share capital of National Taxi after securing all required regulatory approvals, including from Dubai's Roads and Transport Authority and Abu Dhabi's Integrated Transport Centre.

The transaction creates the UAE's largest taxi operator, with a combined fleet of more than 9,500 vehicles serving Dubai and Abu Dhabi.

The acquisition strengthens DTC's position in Dubai, where it now holds around 59 per cent market share, while giving it a significant presence in Abu Dhabi with about 12 per cent of the market.

DTC's Group CEO Mansoor Rahma Alfalasi described the acquisition as a major milestone in the company's long-term growth strategy and its first transformational deal since its IPO.

He said the focus now is on integrating National Taxi into the business and delivering long-term value for shareholders.

The acquisition was completed for AED 1.45 billion, following the agreed locked-box adjustment mechanism under the Sale and Purchase Agreement (SPA).

For the year-ended July 2025, National Taxi reported revenues of AED 774 million and EBITDA of AED 183 million, with a fleet of over 2,700 vehicles.