Dubai Taxi Company (DTC) entered into an agreement to acquire 100% of National Taxi for a total enterprise value of AED 1.45 billion, funded through new bank debt with no equity issuance or shareholder dilution.
The acquisition adds approximately 2,500 licensed plates to DTC’s fleet, increasing its Dubai market share to 59% and establishing a 12% market share in Abu Dhabi.
National Taxi reported net revenue of AED 774 million, EBITDA of AED 183 million, and net profit of AED 101 million for the fiscal year ended July 31, 2025.
The transaction is expected to close in Q3 2026, subject to regulatory approvals from the Roads and Transport Authority (RTA) in Dubai and the Integrated Transport Centre (ITC) in Abu Dhabi.
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