Prime Highlights-
- Dubai Taxi Company completed its $394.8 million acquisition of National Taxi, becoming the UAE’s largest taxi operator.
- The combined fleet is set to surpass 14,000 vehicles once Al Ain operations are added, supporting an estimated 78 million trips a year across the UAE.
Key Facts-
- Dubai Taxi Company now holds close to 59 per cent market share in Dubai and about 12 per cent in Abu Dhabi.
- National Taxi runs a fleet of more than 2,700 vehicles and posted AED774 million in revenue for the year ending July 2025.
Background-
Dubai Taxi Company has closed its deal to buy 100 per cent of National Taxi, making it the biggest taxi operator in the UAE. Regulators in both Dubai and Abu Dhabi gave clearance for the purchase, with approvals coming from the Roads and Transport Authority and the Integrated Transport Centre.
The company paid AED 1.45 billion, or $394.83 million, for the deal, with the final price set under a locked-box adjustment written into the Sale and Purchase Agreement. This is Dubai Taxi Company’s first big acquisition since going public, and it fits into a five-year growth plan the company laid out earlier.
Dubai now sees Dubai Taxi Company holding nearly 59 per cent of the taxi market, and the company has picked up around 12 per cent in Abu Dhabi too. Its fleet across the UAE will grow past 9,500 vehicles.
Add in operations in Al Ain, and that number climbs above 14,000 vehicles, enough to handle close to 78 million trips a year, based on figures the company shared.
National Taxi brought over 2,700 vehicles into the deal. For the year ending July 2025, it posted AED774 million in revenue and AED183 million in earnings before interest, taxes, depreciation and amortization.
Dubai Taxi Company expects the purchase to add to earnings starting from its first full year of ownership, with further upside expected from operational synergies. The company also plans to keep its dividend payouts steady.
Group Chief Executive Officer Mansoor Rahma Alfalasi called the deal a turning point for the company, its first major move since listing on the market. He said National Taxi gives the company a stronger hold on Dubai, a real foothold in Abu Dhabi, and a bigger platform spanning multiple emirates. He said the next step is folding National Taxi into the group and turning the deal into long-term value for shareholders.
