Dubai Taxi Company has completed its Dh1.45 billion acquisition of National Taxi, creating the largest taxi operator in the United Arab Emirates with a combined fleet of more than 9,500 vehicles.
The transaction gives Dubai Taxi Company an estimated 59% share of the Dubai taxi market and about a 12% share in Abu Dhabi following regulatory approvals from Dubai’s Roads and Transport Authority and Abu Dhabi’s Integrated Transport Centre.
The acquisition marks the company’s first major transaction since its initial public offering and includes the purchase of 100% of National Taxi’s share capital.
National Taxi operates a fleet of more than 2,700 vehicles and reported revenue of Dh774 million and earnings before interest, taxes, depreciation and amortization (EBITDA) of Dh183 million for the year ending July 2025.
Dubai Taxi Company said the acquisition supports its five-year growth strategy by expanding its operations across the country’s two largest mobility markets.
Group Chief Executive Officer Mansoor Rahma Alfalasi said the company’s focus will now shift to integrating National Taxi into the group and realizing operational and financial synergies.
The company expects the acquisition to contribute to earnings beginning in the first full year of ownership while maintaining its dividend policy.
