Dubai Taxi Company PJSC has signed an agreement to acquire 100 per cent of National Taxi LLC in a deal valued at Dhs1.45 billion, as the company looks to expand its position in Dubai and enter the Abu Dhabi market.
The company said the acquisition will be funded through new bank debt facilities, with the final transaction value subject to adjustments under the agreement terms.
Market expansion
Once completed, the deal is expected to increase Dubai Taxi Company’s market share in Dubai from 47 per cent to around 59 per cent. The acquisition will also give the company a 12 per cent market share in Abu Dhabi.
DTC Group Chairman Abdul Muhsen Ibrahim Kalbat said: “This acquisition represents an important strategic milestone for DTC, strengthening our leadership position in Dubai while establishing a meaningful presence in Abu Dhabi. National Taxi is a well-established and high-quality operator with a strong financial profile, and this acquisition allows us to expand our platform, enhance scale and position the business for long-term growth.”
He added: “Dubai has been the foundation of everything DTC has built, and we remain as confident as ever in its long-term trajectory. The UAE’s fundamental strengths in attracting investment, talent and visitors continue to underpin sustained demand for mobility services. This acquisition is a direct expression of that conviction, and of our commitment to growing DTC into a platform worthy of the city and country it serves.”
Financial impact
Mansoor Rahma Alfalasi, Group CEO of DTC, said the transaction is expected to support earnings from the first full year after completion.
“The acquisition of National Taxi is a strong strategic and operational fit for DTC, enhancing our scale and strengthening our market position. The transaction is expected to be earnings accretive from the first full year of ownership, with further upside expected from procurement optimisation, centralised maintenance and disciplined integration over time”.
He added that the transaction was structured without issuing new shares and would support the company’s long-term growth plans while maintaining balance sheet strength.
Deal timeline
Toufic Mitri, Managing Director at National Taxi, said the company had attracted interest from investors across several regions before selecting DTC’s proposal.
The transaction is expected to be completed in early Q3 2026, subject to regulatory approvals from Dubai’s Roads and Transport Authority and Abu Dhabi’s Integrated Transport Centre.
Dubai Taxi Company said it will continue to engage with regulators, investors and employees throughout the acquisition process.
